When a new partner purchases the entire interest of an old partner, the new partner's capital account should be credited for the amount he or she paid to the old partner
a. True
b. False
Indicate whether the statement is true or false
False
Business
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Which of the following external recruiting methods works best?
A. Private employment agencies B. Employee referrals C. Newspaper ads D. College recruiters E. Unions
Business
Licenses are properly classified as intangible assets
Indicate whether the statement is true or false
Business
Difficulty in adjusting inventory values to reflect style changes is a problem associated with _____
a. the cost method of accounting b. the retail method of accounting c. FIFO d. LIFO
Business
Good cash management requires some liquidity, but excessive liquidity has an opportunity cost
Indicate whether the statement is true or false.
Business