In Most States a Limited Partnership Does Not Have to File

question 225

Multiple Choice

In most states a limited partnership does not have to file what information with the appropriate state official?

• A) name of the business
• B) names and addresses of all partners
• C) contributions each partner has made
• D) the share of profits to be paid to each partner
• E) all of the other choices must be filed

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Definitions:

Financial Condition

The state of a company's assets, liabilities, and equity, as represented in its financial statements, indicating its ability to generate cash and profits.

Investing Activities

Investing activities are financial transactions involving the purchase and sale of long-term assets and other business investments.

Cash Outflow

A decrease in cash is called a cash outflow or a use of cash. When listing a total for a major section of the statement of cash flows, if cash has decreased, the figure is often described as “cash used” in operating activities (or in investing activities or financing activities).

Equity Securities

Financial assets representing ownership interest in an entity, such as stocks.