When a partnership is liquidated and the amount received from the sale of assets is more than the book value of the assets, the difference between cash received and the book value is treated as revenue to the partnership
Indicate whether the statement is true or false
false
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Which of the following is true about auctions?
A. An item cannot be withdrawn from sale prior to acceptance. B. The seller is required to accept the final offer when the auction is advertised as being "with reserve." C. Acceptance occurs when an offeror makes the highest bid. D. Bidders are treated as offerors, making offers the seller is free to accept or reject.
Crafty Cathy Products Inc manufactures a product sold in most craft stores which requires non-soluble glue as one of the key ingredients. The company has already estimated that it needs to produce the following number of units of product for the second quarter of 2013: April 75,000 units May 90,000 units June 84,000 units Each unit requires .5 ounces of glue at a cost of $.30 an ounce. The
company has determined that it needs 15 percent of next month's raw material needs on hand at the end of each month. The cost of the glue that should be purchased in May is: A) $13,365 B) $13,500 C) $15,390 D) $13,635
Which of the following statements about quality costs is true?
A) Both external and internal failure costs can be reduced (theoretically to zero) by paying more attention to quality issues early in the value chain. B) Increasing expenditures related to prevention and appraisal can result in significant overall cost savings in the long run. C) It may be prudent to increase expenditures in one or more areas in order to decrease other costs. D) All of these are true.
The overall risk or exposure of the project at a particular timeframe best defines
A) investment cost. B) rate of exposure. C) total cost of ownership. D) risk landscape.