What is the effect of a change in a partner's interest in the partnership during the year?
What will be an ideal response?
If there is a change in any partner's interest in the partnership during the year, e.g., due to entry of a new partner or due to the sale of a partnership interest, all of the partners are required to determine their distributive share of the partnership income, deductions, losses, and credits according to their varying interests in the partnership during the year.
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The product life-cycle concept from microeconomics and marketing provides useful insights into the relations between cash flows from operating, investing, and financing activities. During the growth phase
a. cash inflow exceeds cash outflow for operations. b. cash outflow exceeds cash inflow for operations. c. cash inflow exceeds cash outflow for investing activities. d. cash outflow exceeds cash inflow for financing activities. e. cash inflow exceeds cash outflow for financing activities.
In order to estimate the proportion of individuals who read at least one book per month, a random sample of individuals at a book fair was selected and they were asked whether or not they read at least one book per month. Their responses are shown below. ResponsesFrequency Yes, I read at least one book per month640 No, I do not read at least one book per month160 ? Develop a 95% confidence interval for the proportion of individuals in the population who read at least one book per month.
What will be an ideal response?
The atmosphere and décor of a retail store, the variety and depth of product choices, the customer support, even the sounds and smells all contribute to the experiential element of its total product.
Answer the following statement true (T) or false (F)
What happened to Andrew Fastow?
a. He was convicted of fraud b. Nothing; he did nothing wrong c. He testified against Skilling and Lay d. Both b and c