Kayla and Marshall formed a partnership. Marshall incurred a debt in the ordinary course of the partnership business. If the debt is not paid, the creditor may sue:
a. only Marshall.
b. only the partnership.
c. the partnership and the partners together, or in separate lawsuits, or in any combination.
d. only Marshall and the partnership in a lawsuit together or the creditor loses any right to sue the partnership.
c
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GAAP and IFRS convergence will lead to:
a. the end of the FASB b. the blending of GAAP and IFRS standards c. decreased role for the AICPA d. less costly processes for financial reporting
Allowance for Doubtful Accounts has a debit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at 4% of net sales. If net sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts is
A) $24,500 B) $23,500 C) $24,000 D) none of the above
According to Zaccaro, principled leadership influences team effectiveness through these processes: ______.
A. supporting, controlling, delegating, and directing B. cognitive, motivational, affective, and coordinational C. forming, storming, norming, and performing D. technical, interpersonal, intrapersonal, and empathetical
Qualifying dimensions, in contrast with determining dimensions,
A. are the customer-related dimensions in a product-market. B. indicate whether a person might be a potential customer but do not show which product or brand that person might buy. C. affect the product or brand a person is likely to purchase. D. are the only kind of dimensions useful for marketing strategy planning. E. None of these answers is correct.