What is non-malfeasance?
What will be an ideal response?
Refraining from doing harm.
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Which of the following happens when an economy is in a trough?
A. Income begins to rise. B. Output begins to fall. C. Employment begins to fall. D. Population growth rate begins to rise.
Briefly discuss state power.
What will be an ideal response?
A leasehold is a payment
a. for the right to use certain property. b. for the right to sublease certain property. c. to give up or to get out of a lease. d. to improve leased property.
The capital accounts of Harrison and Marti have balances of $180,000 and $130,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Harrison invested an additional $20,000. During the year, Harrison and Marti withdrew $96,000 and $78,000, respectively, and net income for the year was $248,000. The articles of partnership make no reference to the division of
net income. Based on this information, the statement of partners' equity for the 2010 for the partnership would show what amount in as total capital for the partnership on December 31, 2010? A) $228,000 B) $176,000 C) $404,000 D) $752,000