Which of the following is not required to be included in a certificate of limited partnership?
A) The general character of the business
B) The name and business of each limited and general partner
C) The latest date on which the limited partnership is to dissolve
D) The amount of capital contributed by each partner
E) The portion of profits to be distributed to each limited and general partner
E
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In considering whether a company should invest in debt or equity securities of another company, which of the following statements is incorrect?
A) The company wants to make the best use of its excess cash to generate investment income. B) Investment income consists of interest earned from equity securities and dividends earned from debt investments. C) Investment income includes increases in the market value of debit or equity securities. D) The excess cash that can be invested could be the result of temporary or seasonal business fluctuations.
Lessor A leases to Lessee B who legally subleases to Sublessee C. Which of the following is correct?
a. Lessor A looks to Lessee B for payment b. Lessor A looks to Sublessee C for payment c. Lessee B does not have a contract with Sublessee C d. There is only one contract in this transaction