In response to the inability of general partners in accounting firms to shield themselves from
large jury sums awarded plaintiffs in lawsuits that were not covered by the firm's liability
insurance,
state legislatures created a new form of business, the limited liability partnership.
TRUE
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If a retailer's gross margin percent is on plan, however the retailer is tracking below plan for net operating profit margin plan, which of these options would help improve their situation?
A. increase payroll B. increase cost of goods C. increase markdowns D. borrowing money from a lender E. decrease selling, general and administrative expenses
One-third of the steel units ________ sold, but that one ________
A) have been/wasn't B) been/weren't C) have been/weren't D) been/wasn't
Kaiya is a sales representative of TriColor. Kaiya owes a fiduciary duty to TriColor
a. True b. False Indicate whether the statement is true or false
Which of the following steps must be completed before preparing the adjusted trial balance?
A) preparing the post-closing trial balance B) posting of journal entries to the accounts C) preparation of the closing entries D) preparation of the financial statements