Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Question
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Chapter 5.2, Problem 3TP
Summary Introduction

To determine: The difference between a limited partner and a general partner.

Introduction:

Two or more persons who agree to share the risks and profits of the enterprise are known as partners.

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What is the difference between a limited partner and a general partner?