Andy, Becky and Charlie formed a partnership. Their business was to create Web pages for students. They would take a person's academic and career information and make an attractive Web page. Andy supplied the computer and technical advice. Becky was the
business manager. Charlie did the bulk of the marketing. Charlie and Becky became irritated with Andy, as it seemed they did more work than he did. Charlie and Becky decided to end their partnership with Andy. During the winding up process, how are the assets of the partnership paid out?
During the winding-up process, the assets of the partnership are paid out in the following order: First, to creditors of the partnership, including creditors who are partners. Second, any leftover funds (or obligations) are distributed to the partners. Unless the partnership agreement provides otherwise, partners share equally in profits—and losses.
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An untestable claim about a product's benefits or attributes is which form of cognitive message?
A) preemptive B) unique selling proposition C) hyperbole D) comparative
Improvements to existing machines, processes, or compositions of matter cannot be patented
Indicate whether the statement is true or false
Which of the following statements regarding merchandise inventory is not true?
A. Merchandise inventory appears on the balance sheet of a service company. B. Merchandise inventory is reported on the balance sheet as a current asset. C. Merchandise inventory refers to products a company owns and intends to sell. D. Purchasing merchandise inventory is part of the operating cycle for a business. E. Merchandise inventory may include the costs of freight-in and making them ready for sale.
Attitudes are internal states that focus on particular aspects of or objects in the environment.
Answer the following statement true (T) or false (F)