Choose the correct word or words in parentheses. The soup tastes (good, well)
good
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Which of the following statements is true of limited liability partnerships (LLPs)?
A. The partners are not required to file an LLP form with the state. B. They necessitate that all existing partnerships be dissolved. C. They are relatively difficult to organize around an existing partnership. D. The partners maintain an adequate amount of professional liability insurance.
Under which of the following conditions would hurricane damage be considered an extraordinary item for financial reporting purposes?
a. Under any circumstances hurricane damage should be classified as an extraordinary item. b. Only if hurricanes are unusual in nature and infrequent in occurrence in the geographic area c. Only if hurricanes are normal in the geographic area but do not occur frequently d. Only if hurricanes occur frequently in the geographic area but have been insured against
Which one of the following is not a characteristic generally evaluated in ratio analysis?
A) Liquidity B) Profitability C) Solvency D) Marketability
It is recommended that an entrepreneur avoid using the Internet as a resource for finding information to write a business plan because the information found there is often incorrect and unreliable.
Answer the following statement true (T) or false (F)