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NEW QUESTION: 1
Lewis, Clark, and Beal entered into a written agreement to form a partnership. The agreement required
that the partners make the following capital contributions: Lewis, $40,000, Clark, $30,000, and Beal,
$ 10,000. It was also agreed that in the event the partnership experienced losses in excess of available
capital, Beal would contribute additional capital to the extent of the losses. The partnership agreement
was otherwise silent about division of profits and losses. Which of the following statements is correct?
A. Profits are to be divided equally among the partners.
B. Losses will be allocated in a manner different from the allocation of profits because the partners
contributed different amounts of capital.
C. Profits are to be divided among the partners in proportion to their relative capital contributions.
D. Beal's obligation to contribute additional capital would have an effect on the allocation of profit or loss
to Beal.
Answer: A
Explanation:
Choice "b" is correct.
Rule: Regardless of the contributions and obligations of the partners, unless the partnership agreement
specifically states otherwise, all partners are entitled to an equal share of the profits.
Choices "a", "c", and "d" are incorrect, per the above rule.
NEW QUESTION: 2
Received digits in Trunk Originated Calls (TOC) are analysed in Tree which is defined in?
A. Route
B. PRFILE
C. Circuit Group
D. EOS
Answer: C
NEW QUESTION: 3
Your client requests an SAP Cloud Platform Integration tenant from SAP and one is several application URLs are provided to your client.
Which of the URLs below is for the SOAP adapter on the runtime node?
Response:
A. https://customer.specific.url.hana.ondemand.com/cxf
B. https://customer.specific.url.hana.ondemand.com/http
C. https://customer.specific.url.hana.ondemand.com/gw
Answer: B
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