What does SIC stand for?
a. socio income class
b. special individual category
c. social inequality cause
d. seller’s insurance class
e. standard industry classification
e. standard industry classification
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Zach has bought Biannca's interest in the A&B Partnership for a $120,000 direct payment to Biannca. Zach and Biannca's capital balances before the sale were $48,000 and $72,000, respectively. The entry to record the purchase of interest in partnership is:
A) Biannca, Capital 120,000 Zach, Capital 120,000 B) Biannca, Capital 72,000 Zach, Capital 72,000 C) Zach, Capital 120,000 Cash 120,000 D) Cash 120,000 Zach, Capital 120,000
Not caring about your topic, but pretending you do, is an example of which common introductory blooper?
a. Pretending to be something you are not b. Relying on gimmicks c. Being long winded d. Not establishing credibility
A(n) ________ is a distribution of an estate in which each grandchild and great-grandchild of the deceased inherits equally with the children of the deceased
A) abatement B) per stirpes distribution C) per capita distribution D) ademption
A purchase-money security interest (PMSI) in consumer goods is perfected automatically when the PMSI is created
Indicate whether the statement is true or false