When a new partner is admitted by making an investment of assets in the partnership and the new partner has to pay a premium for admission, a bonus is divided among the old partners' capital accounts
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
When job seekers go through the __________ process, they consider opportunities that match with their personal priorities.
a. career exploration b. salary negotiation c. priority exploration d. contract negotiation
A copyright is obtained for what becomes a very successful book. The publisher expects the book to generate sales for ten years. The copyright should be
a. amortized over the author's life plus 70 years. b. expensed immediately. c. amortized over 10 years. d. amortized over a reasonable life.
Confidence intervals for the population mean µ and population proportion p _____ as the size of the sample increases.
A. become narrower B. become wider C. remain the same D. get closer to 1.
The first tranche of a collateralized mortgage obligation has
A) the greatest default risk and the least prepayment risk. B) the greatest prepayment risk and default risk. C) the greatest prepayment risk and the least default risk. D) the least prepayment risk and default risk.