In a partnership of A, B, and C, A commits fraud which creates a liability to the partnership of $9,000 . If the three partners share profits and losses equally, A's liability to the partnership for his fraudulent act is $3,000
a. True
b. False
Indicate whether the statement is true or false
False
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According to the Fisher hypothesis, if the real interest rate is 2 percent and the inflation rate falls from 3 percent to 1 percent, then the nominal interest rate will ____ percentage points and the real interest rate will decline by ____ percentage points.
A. decline by 0; 2 B. increase by 2; 2 C. increase by 0; 0 D. decline by 2; 0
A donated plant asset for which the fair value has been determined, and for which incidental costs were incurred in acceptance of the asset, should be recorded at an amount equal to its
a. incidental costs incurred. b. fair value and incidental costs incurred. c. book value on books of donor and incidental costs incurred. d. book value on books of donor.
The ______ style of persuasion is illustrated by an intuitive style which relies on emotional appeals.
Fill in the blank(s) with the appropriate word(s).
Manufacturing companies have inventory accounts, but merchandising companies do not
Indicate whether the statement is true or false