[APPENDIX] Which of the following statements regarding partnerships is true?
a. Partnerships have two owners.
b. The partnership ends when a new partner is added.
c. The partnership is responsible for its own taxes.
d. The partnership is a separate legal entity from its owners.
b
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Fill in the blank(s) with the appropriate word(s).
Which of the following is an example of revenue?
A. Cash received from the sale of land for its original selling price B. Cash received as a result of a bank loan C. Cash received from investors from the sale of common stock D. Cash received from customers at the time services were provided
The sum of frequencies for all classes will always equal
a. 1. b. the number of elements in a data set. c. the number of classes. d. a value between 0 and 1.
Ships, weddings, and estate planning are examples of _____ goods and services
a. make-to-order b. assemble-to-order c. make-to-stock d. continuous flow