Tangent Enterprises Is a Partnership Consisting of Delen,Javid,and Kaya

question 7

Essay

Tangent Enterprises is a partnership consisting of Delen,Javid,and Kaya.Kaya leaves the partnership to do volunteer work in Africa.Discuss the legal status of Tangent Enterprises.

---

Definitions:

Bank Statement

A monthly document provided by a bank detailing all transactions in a customer's account for a given period.

Note Receivable

A financial asset representing a written promise from a borrower to pay a certain sum of money to the lender at a future date.

Interest Collected

The amount of money received by an entity as interest from loans, investments, or savings accounts.

Journalize

The process of recording business transactions in the journal of an accounting system.