Most crimes must be prosecuted within a certain number of years.
Answer the following statement true (T) or false (F)
True
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Luke and John share income and losses in a 2:1 ratio after allowing for salaries to Luke of $48,000 and $60,000 to John. Net income for the partnership is $93,000 . Income should be divided as
a. Luke, $46,500; John, $46,500 b. Luke, $55,000; John, $38,000 c. Luke, $65,000; John, $28,000 d. Luke, $38,000; John, $55,000
Commoditization strengthens customer loyalty
Indicate whether the statement is true or false
Which of the following is NOT true of frequency and percentage distributions?
A) They quickly communicate how many respondents voted for each of the different answers for a question. B) They reveal how much agreement or disagreement there is among the respondents. C) They express the variability of the respondents' responses. D) The frequency distribution is preferred over percentages because frequencies are intuitive and easy to handle. E) They are tabulations of the responses to a categorical scale question in a survey.
Stock warrants outstanding should be classified as
a. liabilities. b. reductions of capital contributed in excess of par value. c. capital stock. d. additions to contributed capital.