During march, the production department of a process operations system completed and transferred to finished goods 25,000 units that were in process at the beginning of march and 110,000 that were started and completed in march. march's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. at the end of march, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to conversion. compute the number of equivalent units with respect to both materials and conversion respectively for march using the fifo method.

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.