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    Accounting Study Set 3
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    Exam 15: Partnerships: Formation, Operation and Reporting
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    If a Partner Is a Limited Partner It Means That
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If a Partner Is a Limited Partner It Means That

Question 52

Question 52

Multiple Choice

If a partner is a limited partner it means that there are limits on his/her:


A) right to share in profits and losses.
B) liability for partnership debts.
C) obligation to contribute capital.
D) management rights.

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