Partnership liquidation is not the same as partnership dissolution
Indicate whether the statement is true or false
True
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A student has to take 12 more courses before he can graduate. If none of the courses are prerequisite to others, how many groups of four courses can he select for the next semester?
What will be an ideal response?
As described by the text, in which of the following ways can Charles Darwin’s theory of natural selection be applied to businesses in the present day United States?
a. Government regulation and advance of ethical norms have largely eliminated the “natural selection” of one business over another. b. Employees who are not evolved to be ethically flexible cannot advance in the competitive culture of modern business. c. Businesses that fail to be ruthless in their pursuit of profits fail to survive in a harsh marketplace. d. Businesses that do not adapt to current ethical norms are punished and do not survive.
Based on the payback period method, the alternative with the shortest payback period is the most desirable
Indicate whether the statement is true or false
When an investor uses the cost method to account for investments in common stock, cash dividends received by the investor from the investee should normally be recorded as
a. a deduction from the investment account. b. dividend revenue. c. an addition to the investor's share of the investee's profit. d. a deduction from the investor's share of the investee's profit.