A general partnership cannot operate under the name of any one of the partners; the name has to represent all the partners if a fictitious name is not being adopted
Indicate whether the statement is true or false
FALSE
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Almond Industries owns an investment that experienced a decline during 2019 that has been judged to be "other than temporary". The investment is held in Almond's minority passive equity investment portfolio. It was purchased in March 2018 at a cost of $460,000. At the end of 2018, the fair value of the investment was $520,000. At the end of 2019, the fair value of the investment is $410,000. What amount of loss will Almond Industries report on its income statement for the year ending December 31, 2019 related to this investment?
A. an unrealized loss of $50,000. B. an unrealized loss of $60,000. C. a realized loss of $50,000. D. an unrealized loss of $110,000.
Describe the differences between leaders and managers.
What will be an ideal response?
Derek is writing a long, formal report for submission to the company's board of directors on how to increase market share. Which of the following is NOT a guideline he should follow in preparing his report?
a. Avoid emotional terms. b. Identify any assumptions made. c. Eliminate his own opinion and the opinion of others d. Use documentation, including citations and references.
Developing new corporate goals that involve acquiring new businesses is part of the planning function.
Answer the following statement true (T) or false (F)