[APPENDIX] A partnership can be owned by one or more entities or individuals
a. True
b. False
Indicate whether the statement is true or false
False
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A 12% change in sales will result in a 12% change in net income
a. True b. False Indicate whether the statement is true or false
Depreciation expense
a. Balance Sheet—Property, Plant, and Equipment b. Balance Sheet—Intangible Assets c. Balance Sheet—Current Assets d. Balance Sheet—Other Assets e. Income Statement—Operating Section f. Income Statement—Other Revenue and Expense Section g. Statement of Cash Flows
A gain or loss that qualifies for extraordinary treatment on the income statement must have which of the following qualities? I. Unusual in Nature II. Discontinued Segment III. Infrequent in Occurrence IV. Nonoperating in Nature V. Never Occurred
a. I and V b. III and IV c. I and III d. I, II, and III
You and your sister have started your own company called “Yummy Dog Treats.” Your local newspaper publishes an article about it. Which type of communication is this?
a. mass b. masspersonal c. public d. mediated