Regarding partnership property:
A) only a managing partner has the right to use firm property for firm business
B) where a three-person partnership owns three autos, each partner owns one of the autos individually.
C)on the death of a partner, that partner's share of partnership property vests in his or her next of kin.
D)a creditor of a partner cannot proceed against any specific items of partnership property.
D
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Which of the following is an accrued expense?
A) depreciation B) employees' salaries C) interest revenue D) rental expense paid three months in advance
Samuel just inherited an annuity. He will receive six equal annual payments of $18,000, beginning today. Assuming a 10% interest rate compounded annually, the present value today of all receipts is
A) $64,886. B) $78,395. C) $86,234. D) $75,058.
An arbitrator's ________ may be enforced in a court of law if it is authorized by a binding agreement
Fill in the blanks with correct word
Concentric Corporation has 10 million shares of stock outstanding. Concentric's after-tax profits
are $140 million and the corporation's stock is selling at a price-earnings multiple of 18, for a stock price of $252 per share. Concentric's management issues a 40% stock dividend. What is the effect on an investor who owns 100 shares of Concentric before the dividend if Concentric's price-earnings multiple remains the same after the dividend is paid? A) The investor will own 100 shares worth $35,280. B) The investor will own 100 shares worth $25,200. C) The investor will own 140 shares worth $25,200. D) The investor will own 140 shares worth $35,280.