Which of the following events will cause the dissolution of a partnership?
A) The death of a partner
B) A partner's assignment of his/her interest
C) A partner's pledge of his/her interest to a creditor
D) All of the above will result in the dissolution of the partnership.
A
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Indicate whether the statement is true or false
____________ theory states that to obtain a higher return on its investment, a firm will transfer its superior knowledge to a foreign subsidiary that it controls, rather than sell it in the open market.
Fill in the blank(s) with the appropriate word(s).
Which of the following applies to the measurement and recognition of an asset?
a. A pervasive principle in accounting is that an asset is measured at the market value of the consideration exchanged or sacrificed to acquire it and place it in operating condition. b. In some cases, an asset may be recorded at an amount greater than its cash equivalent purchase price. c. When the consideration given for an asset is non-monetary, the market value of that consideration generally provides the most reliable basis for measuring acquisition cost. d. Assets are always measured and reported based on historical cost.
A ________ can easily be converted to cash, such as accounts receivable and notes receivable.
A. pro forma B. cash flow C. current asset D. balance sheet