What is the percentage of revenue generated by the top 10 air carriers?
a. 75 percent
b. 82 percent
c. 91 percent
d. 96 percent
B
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As a small businessperson I receive several checks a month from my clients. If I want to limit their use, I should endorse each check:
a. “For Cash Only” b. “For Deposit Only” c. “Without Recourse” d. “Pay to the Order of Jon Smith” e. “With Limitations”
In contrast to ranking formats, rating formats require raters to evaluate employees on some absolute standard rather than relative to other employees.
Answer the following statement true (T) or false (F)
Briefly explain the following terms associated with accounting for foreign entities:a) Functional Currency b) Translation c) Remeasurement
What will be an ideal response?
The ABCD Partnership has the following balance sheet at January 1, 2017, prior to the admission of new partner, Eden. Cash and current assets$39,000Liabilities$52,000Land 234,000Adams, capital 26,000Building and equipment 130,000Barnes, capital 52,000 Cordas, capital 117,000 Davis, capital 156,000Total$403,000Total$403,000?Eden acquired a 20% interest in the partnership by contributing a total of $71,500 directly to the other four partners. No goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: Adams, 15%, Barnes, 35%, Cordas, 30%, and Davis, 20%. After Eden made his investment, what were the individual capital balances?
What will be an ideal response?