Sleeping partners are those who??
(A) take active part in the conduct of the business but provide no capital. However, salary is paid to them.
(B) do not take any part in the conduct of the business but provide capital and share profits and losses in the agreed ratio
(C) take active part in the conduct of the business but provide no capital. However, share profits and losses in the agreed ratio.
(D) do not take any part in the conduct of the business and contribute no capital. However, share profits and losses in the agreed ratio.
Answers
Answered by
1
Answer:
option 2nd is 100%correct
Answered by
1
They are those who do not take any part in the conduct of the business but provide capital and share profits and losses in the agreed ratio
- They are the people who contribute some capital to a business and share the earnings and losses in an agreed-upon ratio.
- However, they do not participate actively in its management.
- Their status as a silent collaborator gives them the right to study the corporation's financial statements.
- It also allows them to have a say in decisions that impact the partnership's nature or existence.
Similar questions