Objective impossibility occurs if a particular contracting party is unable to perform because of financial inability or lack of competence
a. True
b. False
Indicate whether the statement is true or false
False
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Dissolution is the term which solely means to liquidate the partnership
a. True b. False Indicate whether the statement is true or false
The classification of current liabilities is closely tied to the concept of_____________
Fill in the blank(s) with correct word
Which of the following is NOT one of the three types of information that is obtained from a questionnaire?
A) basic information B) problem-solving information C) classification information D) identification information E) C and D
Answer the following statements true (T) or false (F)
1. The residual value is discounted as a single lump sum because it will be received only once, when the asset is sold. 2. The net present value method of evaluating capital investments suggests that an investment with discounted net cash inflows which exceed the initial cost of the investment is desirable. 3. The present value of future cash inflows received in earlier years is higher than future cash inflows received in later years. 4. An opportunity cost is the benefit foregone by choosing an alternative course of action. 5. When a company is evaluating an investment proposal with high risk, a low discount rate should be used.