A partner's fiduciary duty under the UPA differs in some respects from that under the RUPA
a. True
b. False
Indicate whether the statement is true or false
True
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Howard is a partner in the Smithton Partnership with a basis of $20,000. During the current year, the partnership is liquidated, and the partnership distributes cash of $22,000 and property with a basis of $8,000 and a fair market value of $15,000 to each partner. What amount must Howard report as a gain from the liquidation?
A. $-0- B. $2,000 C. $10,000 D. $15,000 E. $17,000
In considering the decision to offshore, which of the following generally is not one of the hidden costs?
A. wage deflation B. increased inventory and coordination costs C. total wage costs and indirect costs D. reduction in intellectual property rights
Ahmad has identified the recruiting area for Acme Global’s new plant. There are many skilled laborers in the area who are looking for work. Ahmad believes that will make his job recruiting qualified applicants easier. Which external force acting on recruiting efforts is Ahmad examining?
A. Competitors B. Supply and demand C. Cost per hire D. Social environment E. Governments
Which of the following is NOT an act of bankruptcy?
A) Juniper Limited gave notice to its creditors that it is about to suspend the payment of its debts. B) Jennifer has left the country in order to avoid meeting with creditors. C) Percy has ceased making credit card payments for the past three months. D) Tetra Limited presented in a meeting of its creditors, a statement showing that it is insolvent. E) All of the above are acts of bankruptcy