A corporation can be a partner in a partnership.
Answer the following statement true (T) or false (F)
True
A corporation is like an artificial person. It can legally engage in virtually any business activity a natural person can pursue. It can even be a partner in a partnership or an owner of another corporation. See 6-1: Business Ownership Options: The Big Four
You might also like to view...
Ibsen Company makes two products from a common input. Joint processing costs up to the split-off point total $48,600 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below: Product XProduct YTotalAllocated joint processing costs$18,800? $29,800? $48,600? Sales value at split-off point$25,850? $37,800? $63,650? Costs of further processing$23,300? $17,600? $40,900? Sales value after further processing$48,800? $56,500? $105,300? Required:a. What is financial advantage (disadvantage) of processing Product X beyond the split-off point? (Negative amount should be indicated
by a minus sign.)b. What is financial advantage (disadvantage) of processing Product Y beyond the split-off point?c. What is the minimum amount the company should accept for Product X if it is to be sold at the split-off point?d. What is the minimum amount the company should accept for Product Y if it is to be sold at the split-off point?a.??b. ??c.Minimum acceptable amount?d.Minimum acceptable amount? What will be an ideal response?
What is the job evaluation process in terms of the wage structure decision?
What will be an ideal response?
Time paper that states it is due on July 1, a Sunday, is overdue on:
A) July 1. B) July 2. C) July 3. D) It depends on when the instrument is presented for payment.
The ISDN BRI contains
a. 2 B-channels b. 23 B-channels c. 2 D-channels d. 23 D-channels