Gacaca courts are a historic South African tribal-based conflict resolution method
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Significant differences exist in terms on financial statements around the world. For example, another name for what we know as Additional Paid-In Capital in the U.S. is:
a. Share Capital b. Capital Reserves c. Provisions for Other Risks d. Deferred Income
Why would a corporation issue bonds payable instead of issuing stock?
A) Debt is a less expensive source of capital than stock. B) Borrowing by issuing bonds payable carries no risk to the company. C) Debt affects the percentage of ownership of the corporation by the stockholders. D) Debt does not have to be shown on the balance sheet.
The net asset value (NAV) of a mutual fund is the total value of the securities it owns (minus any liabilities) divided by the number of shares issued by the fund
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Elise and Flair are partners in Gourmet Cupcakes, a new general partnership and business enterprise. As general partners, Elise and Flair are subject to liability that is
A. limited to the amount of their investment in Gourmet Cupcakes. B. limited to the deductible on Gourmet Cupcakes's insurance policy. C. limited to the extent that Elise and Flair believe to be reasonable. D. not limited with respect to Gourmet Cupcakes's obligations.