Cash consists of all of the following except

a. deposits in savings accounts.
b. money orders from customers.
c. compensating balances.
d. IOUs from customers.


D

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Lambert invests $10,000 for a 1/3 interest in a partnership in which the other partners have capital totaling $26,000 before admitting Lambert. After distribution of the bonus, what is Lambert's capital?

A) $12,000 B) $10,000 C) $8,667 D) $5,333

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An employer is guilty of ________ where its motivation for termination is discriminatory

Fill in the blanks with correct word

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Although common stock represents a riskier investment to an individual than bonds, bonds represent a riskier method of financing to a corporation than common stock.

Answer the following statement true (T) or false (F)

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The corporate alternative minimum tax was designed to insure that corporations with substantial economic income paid their fair share of the federal tax burden.

Answer the following statement true (T) or false (F)

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