If the share of losses on realization of the sale of noncash assets exceeds the balance in a partner's capital account, the resulting balance is called a deficiency
a. True
b. False
Indicate whether the statement is true or false
True
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Good customer service requires that
a. all customers be treated as you would expect to be treated. b. every effort be made to satisfy their needs and expectations. c. every effort be made to make each customer feel valued. d. all of these choices.
An assembly plant uses industrial robots to aid in the complex process of welding and moving parts from station to station. The company trains its employees before they start working on these machines with simulation-based learning. Explain why simulation is a good training tool for these assembly plant workers.
What will be an ideal response?
With respect to the Baldrige criteria performance measures, _____ performance indicators include measures of business growth and percentage of new product sales
a. governance b. leadership c. marketplace d. process-based
Bank, Rupp & Baroque, Inc. began on January 1, 2017 by issuing 100,000 shares of $1 par value common stock and 1,000 shares of $50 par value, 6% cumulative preferred stock. No dividends were declared in 2017 or 2018. Which of the following statements about this situation is correct?
A. Dividends in arrears should be disclosed in the notes to the 2017 and 2018 financial statements. B. Dividends Payable should be reported on the December 31, 2018 balance sheet. C. Dividends Payable should be reported on the December 31, 2017 balance sheet. D. Dividends expense should be reported on the income statement for the year ended December 31, 2017.