Carol Is the Only General Partner in ABC Limited Partnership

question 66

Multiple Choice

Carol is the only general partner in ABC Limited Partnership.She contributes $50,000 in capital.Wayne and Hosek are the only limited partners.Wayne contributes $25,000 in capital,and Hosek contributes $25,000 in capital.ABC suffers a loss of $5,000.What is Hosek's share of the loss?

• A)$1,250
• B)$2,500
• C)$5,000
• D)$0

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Definitions:

Accurate Generalizations

Broad statements or conclusions that correctly reflect reality and are based on sufficient and representative data.

Naturalistic Observation

A research method in which the subject is observed in its natural environment without any manipulation by the observer.

Pace of Life

The speed at which life's activities are conducted, often influenced by cultural, societal, or individual factors.

Case-study Evidence

A research method that involves the detailed examination of a single example or case, providing in-depth data and insights into complex issues.