Which of the following is most commonly associated with the treasury function?
A. recording of event data
B. security of funds
C. reporting of results of business events
D. maintaining accounting records
Answer: B
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Which of the following rulemaking models is most often used by administrative agencies because it is efficient in terms of time and cost?
A) formal rulemaking B) informal rulemaking C) hybrid rulemaking D) independent rulemaking
Capital budgeting decisions that relate to investments in technology are not as risky as other types of capital budgeting decisions.
Answer the following statement true (T) or false (F)
Manufacturing costs are classified into four categories.
Answer the following statement true (T) or false (F)
The balance sheet given below is presented for the partnership of Janet, Anton, and Millet: Cash$60,000 Liabilities$80,000 Other Assets 150,000 Janet, Capital 80,000 Anton, Capital 30,000 Millet, Capital 20,000 Total$210,000 Total$210,000 The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after selling the other assets for $50,000. On dissolution of the partnership, Janet should receive:
A. $0. B. $10,000. C. $30,000. D. $80,000.