Explain the two barriers to discovering vocation.
What will be an ideal response?
Ambition and avoidance
You might also like to view...
With regards to financial statements, "pro forma" means:
A. Financial condition or position that can be expected if planning assumptions prove correct. B. Prepared in advance. C. Budgeted. D. All of the answers are correct.
Which sentence has the lowest "lard factor"?
A) The project is delayed due to the fact that the members are of the opinion that the results were tainted. B) In the event that the project is canceled, please send a memo with regard to the cancellation to the president. C) The president of the corporation plans to retire at the end of the fiscal year if profits remain high. D) The customer complaint is pertaining to the recent standards for the purpose of providing safer children's toys. E) In view of the fact that sales are increasing, each individual employee will receive a 3 percent bonus.
Which of the following states that a company must perform strictly proper accounting only for items that are significant to the business's financial statements?
A) conservatism B) materiality concept C) disclosure principle D) consistency principle
P, L, and O are partners with capital balances of $50,000, $30,000 and $20,000 and who share in the profit and loss of the PLO partnership 30%, 20%, and 50%, respectively, when they agree to admit C for a 20% interest.C contributes $10,000 to the partnership and the goodwill method is used. What will be the result of the goodwill calculation?
A. Goodwill of $12,000; all to C. B. Goodwill of $15,000; split among the original partners. C. Goodwill of $15,000; all to C. D. Goodwill of $12,000; split among original partners. E. Goodwill of $15,000; split among all four partners: P, L, O, and C.