Damages is a remedy at law.
Answer the following statement true (T) or false (F)
True
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Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $60,000, Davis contributing $50,000 and Singer contributing $40,000. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $75,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to Wheadon's capital account?
A. $20,000. B. $40,000. C. $75,000. D. $30,000. E. $25,000.
The 'schema on read' approach often incorporates JSON or XML
Indicate whether the statement is true or false
Any unsecured long-term debt instrument is a debenture
Indicate whether this statement is true or false.
Which of the following statements best describes bartering?
A. It is an agreement by which a financial institution promises to lend a business a predetermined sum on demand. B. It is a process by which an individual acquires the license to sell another's products or to use another's name in business. C. It is the process in which a small-business owner provides personal property as collateral for a loan. D. It is the process in which suppliers allow a business to acquire needed goods and pay for them at a later date. E. It is the practice of small businesses trading their own products for the goods and services offered by other businesses.