Partnership agreements typically state what the voting rights of partners will be and how the profits will be shared
a. True
b. False
Indicate whether the statement is true or false
True
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During the sales era, the firm tries to improve short-run marketing policy planning to tie together its activities.
Answer the following statement true (T) or false (F)
Which of the following is/are true?
a. The seller measures revenue as the amount of cash, or the cash-equivalent value of other assets, that it receives from customers. b. The seller measures revenue amounts as the exchange price between buyer and seller at the time of sale. c. If the firm has not performed all of its obligations, it may make adjustments in the form of sales discounts and allowances. d. If the firm has not performed all of its obligations, it may make adjustments in the form of sales returns. e. all of the above are true
When sending a fax, you should always ask: ____________________
a. What if the receiver's fax machine is not working? b. Should I call first to let them know the fax is coming? c. Will these pages be appropriate for and useful for the recipient? d. How long should I wait for the recipient to confirm the receipt of the fax?
Consolidated financial statements provide more helpful information than does the equity method, because
a. they include all the assets, liabilities, revenues, and expenses of the controlled subsidiaries, not just the investment account that represents the parent's investment in the subsidiary's common shareholders' equity and not just the parent's share of the subsidiary's net income. b. the parent, because of its voting interest, can control the use of all of the subsidiary's assets. c. the parent needs to own only a majority of the voting stock, not necessarily 100%, to control the use of 100% of the subsidiary's assets. d. consolidation of the individual assets, liabilities, revenues, and expenses of both the parent and the subsidiary provides a more realistic picture of the operations and financial position of the single economic entity. e. all of the above