A party who promises to complete a job according to the terms of a contract signed in the past
has not given consideration due to past consideration.
Indicate whether the statement is true or false
FALSE
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The transshipment model is an extension of the transportation model
a. True b. False
A product's positioning could be based on product users.
Answer the following statement true (T) or false (F)
Which of the following benefits cannot be excluded as a no-additional-cost service fringe benefit?
A. A car wash at an automobile dealership. B. Complimentary dry cleaning for employees at a laundry company. C. Free local phone service for phone company employees. D. Free tax return preparation from a client.
Assume the partnership of Dean, Hardin, and Roth has been in existence for a number of years. Dean decides to withdraw from the partnership when the partners' capital balances are as follows:Partner Capital BalanceProfit and Loss Ratio Dean$60,00040%Hardin 15,00030%Roth 25,00020%??An appraisal of the business and its property estimates the fair value to be $ 100,000. Dean has agreed to receive $64,000 in exchange for his partnership interest.?Prepare the journal entry for the payment to Dean in the dissolution of his partnership interest, assuming the bonus method is to be applied.
What will be an ideal response?