When a partner invests a noncash asset into the partnership, the partner's Capital account is debited and an asset account is credited
Indicate whether the statement is true or false
False
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Bradley Springs, a chain of superstores, promotes its business by handing out printed materials which contain lists and descriptions of an assortment of its products. In this case, the company's promotional strategy is referred to as ________
A) e-mail marketing B) telemarketing C) catalog marketing D) kiosk marketing E) viral marketing
______ rewards are valued returns (such as incentive pay for performance) to the individual in exchange for doing something that the organization desires of the employee (such as work).
A. Lateral B. Intrinsic C. Extrinsic D. Vertical
Which of the following affirmations related to an IPO is wrong:
A. Represents the highest number of cash-outs on the market B. Require annual revenues in the millions C. Represents an expensive and lengthy process D. Generates high returns for investors
Which of the following procedures is incorrect for establishing and maintaining a petty cash fund?
A) A check is prepared for a small, fixed amount; when the check is cashed, the money is entrusted to a petty cash custodian. B) The company must obtain the cash needed for the fund and record an entry for the establishment of the fund. C) When appropriate documentation is presented, cash payments are made from the fund; the petty cash custodian retains the documentation. D) When the petty cash fund needs to be replenished, an entry is recorded to recognize an increase in the petty cash account.