If southwest development company is a 50-50 partnership of merideth harper and christopher black,: (select the best answer below.) a. ms. harper has unlimited liability, which means creditors can claim against her personal assets. b. ms. harper has limited liability, which guarantees that she cannot lose more than the $25,000 she invested. c. ms. harper has unlimited liability, which means creditors can only claim against the $25,000 she invested. d. ms. harper has limited liability, which is $30,000, or half of the $60,000 in unpaid debts.

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product