Under general circumstances, debt is allocated from the partnership to each partner in the following manner:
A. Recourse-profit-sharing ratios; nonrecourse-to partners with the ultimate responsibility for paying the debt.
B. Recourse-to partners with the ultimate responsibility for paying the debt; nonrecourse-profit-sharing ratios.
C. Recourse-capital ratios; nonrecourse-capital ratios.
D. Recourse-profit-sharing ratios; nonrecourse-profit-sharing ratios.
Answer: B
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Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Dividend Income (assume that cash received is equal to amount reported)—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
When introducing a really new product, the marketer should be concerned about building channels of distribution but not about promotion.
Answer the following statement true (T) or false (F)
The activity, set of institutions, and processes for creating, capturing, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large is called
A. market segmentation. B. market positioning. C. marketing. D. market share analysis. E. marketing research.
Rick and Allan want to start a union in the small factory where they work. Outline the basic procedures they will need to follow to get a union recognized as the exclusive bargaining unit for the company employees