Which of the following suggestions should you follow when writing a formal report?
A. Use tense consistently.
B. Opt for first-person pronouns as a rule.
C. Avoid using transition sentences between separate sections.
D. Avoid using active voice.
Answer: A
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Which sentence is punctuated correctly?
A) The commencement speaker encouraged us to: "dream big" as we entered the job force. B) The commencement speaker encouraged us to, "Dream big" as we entered the job force. C) The commencement speaker encouraged us to "dream big" as we entered the job force.
A person starting a business can protect their personal assets and keep them separate from their business assets by forming
A) a sole proprietorship B) a general partnership C) a corporation D) a franchise E) a joint venture
Drop-shippers have low operating costs because they do not actually handle the products they sell.
Answer the following statement true (T) or false (F)
In the RST partnership, Ron's capital is $80,000, Stella's is $75,000, and Tiffany's is $50,000. They share income in a 3:2:1 ratio, respectively. Tiffany is retiring from the partnership. Each of the following questions is independent of the others.Refer to the above information. Tiffany is paid $60,000, and no goodwill is recorded. In the journal entry to record Tiffany's withdrawal:
A. Tiffany, Capital will be credited for $60,000. B. Ron, Capital will be debited for $5,000. C. Cash will be debited for $60,000. D. Stella, Capital will be debited for $4,000.