Courts use a sliding scale analysis to measure the commercial activity in a forum state that is generated through a website
Indicate whether the statement is true or false
TRUE
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Define view integration?
During 20x4, all sales and purchases at Virginia Corporation were on credit. At December 31, 20x4, Virginia Corporation shipped goods to the New York Corporation but failed to record the sale. As a result, before making any corrections to the accounting records
a. Accounts receivable was understated, inventory was overstated, sales were understated, and cost of goods sold was understated. b. Accounts receivable was understated, inventory was understated, sales were understated, and cost of goods sold was understated. c. Accounts receivable was overstated, inventory was understated, sales were overstated, and cost of goods sold was overstated. d. Accounts receivable was overstated, inventory was overstated, sales were overstated, and cost of goods sold was overstated. e. Accounts receivable was overstated, inventory was overstated, sales were understated, and cost of goods sold was overstated.
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Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Sole proprietorships are similar to general partnerships in that the owners of each report the profits or losses of the business on his or her own tax return. 2. In order to qualify as a partnership, the partnership must be owned and operated by at least three different people. 3. All general partners have unlimited liability. 4. In a limited partnership all of the partners are called limited partner, and all of the partners have special tax advantages and protection from liability. 5. The chief distinction of a master limited partnership (MLP) is that it has at least one limited partner who has been certified to be a master at operating a limited partnership.