A cooperative may be treated as either a(n) ____________________ or a corporation
Fill in the blank(s) with correct word
partnership
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Which of the following statements is TRUE of partnerships?
A) If the partners have no partnership agreement specifying how to divide profits and losses, then they share profits and losses equally. B) It is legally required to share the profit and losses equally, irrespective of the partnership agreement. C) The stated ratio of profit sharing needs to be approved by the SEC. D) The profit sharing is always based on each partner's capital balances and any losses will be shared equally.
A stock dividend exceeding 20 to 25 percent is properly treated as a stock split
Indicate whether the statement is true or false
Industrial economies are major importers of manufactured goods, services, and investment funds
Indicate whether the statement is true or false
What is the fundamental purpose of marketing?
What will be an ideal response?