Under which of the following circumstances will a partner recognize a gain from an operating distribution?
A. A partner will recognize a gain from an operating distribution when the partnership distributes money in an amount that is less than the partner's basis in the partnership interest.
B. A partner will recognize a gain from an operating distribution when the partnership distributes property other than money with an inside basis greater than the partner's basis in the partnership interest.
C. A partner will never recognize a gain from an operating distribution.
D. A partner will recognize a gain from an operating distribution when the partnership distributes money in an amount that is greater than the partner's basis in the partnership interest.
Answer: D
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Carlton, Inc presented the following information in a note to its financial statements for the year ending December 31, 2016: The company has a loan agreement with Beachside Bank that states: 1 . The current ratio should remain at least 2.0 to 1 at all times. 2 . The debt-to-equity ratio should not exceed .7 to 1 at any time. 3 . The times-interest-earned should be 5.0 or better. 4 . The
inventory-turnover should be 4.0 or better. The ratios at year-end are: current ratio, 2.3 to 1; debt-to-equity ratio, .6 to 1; times-interest-earned, 7.1; and inventory-turnover, 3.7 . Which of the following statements is true? a. Carlton was in default because of the inventory turnover. b. Carlton was in default because of the current ratio. c. Carlton was in default because of the debt-to-equity ratio. d. Carlton was in default because of the times-interest-earned.
Which of the following dimensions of culture is likely to affect the relationship between supervisors and employees, a concern of internal communication?
A. Masculinity – Because most public relations practitioners today are women B. Confucian dynamic – Because supervisors are like teachers, and Confucius was the best teacher in non-Western history C. Power-distance – Because this dimension deals with equality and hierarchy in interpersonal relationships D. Uncertainty avoidance – Because internal communication is designed to reduce the uncertainty that employees feel about their jobs E. Individualism – Because public relations practitioners deal with employees who are individual stakeholders, not an organizational public
A project manager is using the net present value method to make the final decision on which project to undertake. The company has a 15% required rate of return and expects a 5% rate of inflation for the following four years
What is the NPV of a project that has cash flows as shown in the table? Year Cash Flow 0 -$350,000 1 $50,000 2 $80,000 3 $100,000 4 $150,000 A) $4.955 B) $42,586 C) -$23,667 D) -$122,569
Which of the following is NOT true regarding Six Sigma?
a. It seeks to improve quality by removing defects. b. It seeks to improve quality by minimizing process variations. c. It is a data-driven quality management method. d. It seeks to improve quality by eliminating waste.