Henry and Ryan each invest $10,000 in a limited partnership as limited partners, so that each has a 50 percent interest. Bree acts as the general partner. Tracey sues the limited partnership and obtains a $100,000 judgment. Henry's liability is: a. unlimited. b. $100,000. c. $10,000. d. $50,000.

Which of the following is the least risky? collectables stock savings bond savings account

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1