All of the Following Might Be Used to Evaluate Cash

question 214

Multiple Choice

All of the following might be used to evaluate cash flow performance,except:

• A)the absolute amount of cash flow.
• B)whether cash flow is positive or negative.
• C)the relationship between net income and cash flow.
• D)the trend in sales and operating expenses.

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Definitions:

Jointly Liable

A legal term indicating that two or more parties are equally responsible for the fulfillment of a liability or debt.

UPA

stands for Uniform Partnership Act, which is a set of laws adopted by some states in the United States to govern the formation, operation, and dissolution of partnerships.

RUPA

The Revised Uniform Partnership Act, which is a set of laws aiming to govern the operation of partnerships within the United States.

Limited Liability Partnership (LLP)

A partnership in which some or all partners have limited liabilities, protecting them from personal responsibility for the debts of the business.