Which statement is NOT a useful guide for writing instructions?
a. Use language that impresses workers with the writer's knowledge.
b. Test instructions on the kind of person who will perform the task.
c. Empathize with workers who must perform the task.
d. Be familiar with all technical details of the task.
a
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Liquidity relates to a company's ability to do which of the following?
a. The ability to pay its financial obligations as they become due b. The ability to stay in business over the long run c. The ability to pay dividends to its stockholders d. The ability to collect the amount their customers owe the company
If a potential investor asks you about the sales cycle for the business what should you do?
a. Provide some general responses b. Specify the number of days in the sales cycle c. Immediately respond that it all depends d. None of the above
Once a corporation becomes publicly held, it cannot return to being private
Indicate whether the statement is true or false
What is the amount and character of the gain that Kate must recognize on the liquidating distribution?
On December 31, Kate receives a $28,000 liquidating distribution from the KLM Partnership. On that date, Kate's basis in her limited partnership interest is $18,000 (which, of course, includes her share of partnership liabilities). The other partners assume her $6,000 share of liabilities. Just prior to the distribution, the partnership has the following balance sheet. Kate is leaving the partnership but the partnership is continuing.
