Engineering Economics
Which is true about partnership?

It has a perpetual life.
It will be dissolved if one of the partners ceases to be connected with the partnership.
Its capitalization must be equal for each partner.
It can be handed down from one generation of partners to another.

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Engineering Economics
Liquidity ratios are used:

To compare short term obligations to short-term resources available to meet these obligations
All of these
To obtain much insight into the present cash solvency of the firm and the firm
To measure a firm’s ability to meet short-cut obligations

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