The personal assets of a partner may be seized to satisfy partnership debts
Indicate whether the statement is true or false
T
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When merchandise is sold and the periodic system of inventory is used, the journal entry for a sale could include
a. debiting Accounts Receivable and crediting Sales; b. debiting Accounts Receivable and crediting Merchandise Inventory; c. debiting Cost of Goods Sold and crediting Merchandise Inventory; d. debiting Cost of Goods Sold and crediting Sales; e. A & C
Martha and Jim enter into an agreement whereby Jim agrees to paint Martha's car. The contract states that the car is to be painted green. Martha changes her mind and wants the car to be painted blue instead. Jim agrees to paint the car blue
This type of discharge of contract is described as ________. A) accord and satisfaction B) novation C) condition precedent D) condition subsequent
Traditional evaluation criteria emphasize stereotypically female characteristics.
a. true b. false
If Ford purchased the same number of brakes from NUCAP on a regular basis, it would be participating in a straight rebuy.
Answer the following statement true (T) or false (F)