Chapter 14 Advanced Solutions

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CHAPTER 14 PARTNERSHIPS: FORMATION AND OPERATION Answers to Questions c c c    c c   c c   c  c c   c c c  c c   c c c  c c c  c   c 

 c  c  c  c c   c   c c c  c c c     c c   c c c   c c c   c  c c c  c c   c c c  c   cc cc  c cc c  c cc c c c  c c c

c c

c    c cc  c c  c  cc c c c c  c  c  c c c  c c c  c c  c ccc  c    c c   c c c   c c  c  c c   c  c c  c  c c  c   c c c c c c   c  c c c  c  c c  c cc c c c   c  c c c   c c c  c!c cc c c c c  ccc  "  c c c c c c# #c   cc   c c c  c ! c    c c  c   c c c c c c $ c c c  c %   c &  c  c c c

c 'c  c   c    c   c  c c c ( c  c  c   c c c c  ccc    c    )c( c cc cc cc    c  c *  c c c   c c  c  c c c  c   c  c  c  c 

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 c   c   c  c      c c

c 4c c c c   c c  c c c  c  c c c  c c c   c cc cc cc    c c cc   c c c    c c    c c c   c 0 c c    c c  c c c c c ccc c   ccc  c  cc cc/ c   c cc c  c c  cc ccc c  c c c c cccc c  c c  c c  c c ccc    cc c c  c c c $c  c  c   c 556c  c c c c c c   c  c c c   cccc - c c c ccc556c c  cc c c c  c  cccc   c cc   c c c c  c c c   c 0 c   c  c c c    c c   c  c c c   c ! c c  c c  c  c   c  c c  c c c c   cc cc   c c c $c  c  c  c c  c c  c c  c     c  c c c  "  c  c   c  c c   c c c   c c  c c  #   c 

 c  c  c 0 c c  c c c  c  c  c c c c   c  c c  c *c *    c % c c  c c c c c  c c c  cc c cc cc cc*    c c  c c c c  c  c c   c c 7c c $  c c 6  c  c c  c   c  c  c c  c cc(  c

c c   c cc  c c  c  c c  cc     c c c   cc  c c c  ccc  c cc c c c  c cc

 c   c c c   c c $  c c 6  c c   c c c c    c c  c c  cc c c   8c c c 9cc c cc c c   c   c c %   c c c c c c  c c :  cc     c cc c c  c   c c c c c c  c   c  c c   c c c  c c   cc

c  c  ccc  cc  cc cc  c

c 6 c  c cc cc c c 6 c c  cc  c c 3  c c   c  c   c /c 3  c c   c c  ) c c c c   c  c  c   c c  c c ;c  c c c   c c  c     cc  c  cc c  c c  cc c c  cc cc c  c c c c c c c c c  c0 c c   c  c c - c cc c c c c c  c  c     c c  cc c% c  c c c c  c  c c c c  c   c c c ) c cc c 2c$ c c c c c  c c c  c c   c c  c  c c    c ccc c c   c c  c cc  ccc  c c c c  c c cc  c c cc c   c c c c  c c c c c  c  cc c  c c cc  c c c$  c c6  c c cc   c  ccc c ccc c   cc c   c c  c  c c   c c c c c ( c   c c c c c   c > cc  c  c c c cc c c  c c c  c$c c  c c "c cc c c " c c  c c c  cccc cc c c c  c  cc   c  ccc  c cc c  c  c c ccc  c c  c c  cc  c c c c c  c c 'c c   c  c c c    c c  c  c  c c  c c (c   c   c c   c  c  c  c c   c  c c c c    c   c  c c  c cc  c  c c   c cc  c c c  c  c cc c c c ,cc    c c c   c  c c  c c    c c c   c 3c   cc c cc  c c c>c cc c c cc$c c  c c c  c c c   c c  c   c   c c c  c c c c  c c  c c c c c %   c c  c c cc c c(  c c c  cc c   c  c  c c c c   c  c c c   c c c   c c     cc c c c  cc c    c c c  cc  c c 

 c    c c .c$cc cc/ cc  cc( c c cc c c  c c c c c c c   c  c c    c cc  c c cc  c c c  c  c c   c $c c  c c  c  c   c c     c c c c

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9 c c cc  c c   c c  c  c c  c  c0 c c  c c   c c   c    c c c c  c  c c    c c c   c

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c c    c c c c  c c 

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c cc  c c  c cc  c c
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