Investment decisions generally refer to the items that appear on the ________
A) left-hand side of the balance sheet, and financing decisions relate to the items on the right-hand side
B) right-hand side of the balance sheet, and financing decisions relate to the items on the left-hand side
C) right-hand side of the balance sheet, and financing decisions relate to the items on the income statement
D) left-hand side of the balance sheet, and financing decisions relate to the items on the income statement
A
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Hillary, Bruce, and Cindy own a partnership firm. Hillary has an ownership interest of $24,000; Bruce has an ownership interest of $41,000; and Cindy has an ownership interest of $30,000. In the process of liquidation, the partnership sells non-cash assets and registers a gain of $30,000. The profit-loss sharing agreement is 1/6 to Hillary; 2/6 to Bruce; and 3/6 to Cindy. Which of the following is TRUE when a journal entry for the allocation of gain is recorded?
A) Hillary, Capital is credited for $10,000. B) Cindy, Capital is credited for $15,000. C) Hillary, Capital is debited for $10,000. D) Cindy, Capital is credited for $10,000.
The arrival rate can generally be described by a(n) ________ distribution
Fill in the blank with correct word.
Raising the level of safety inventory increases product availability and thus the margin captured from customer purchases
Indicate whether the statement is true or false.
The people in a corporation responsible for the management of the business are the: ______
A) partners. B)shareholders. C)board of directors. D)licensees.