Henry Jones contributed equipment, inventory, and $44,000 cash to the partnership. The equipment had a book value of $35,000 and market value of $28,000. The inventory has a book value of $25,000, but only had a market value of $12,000. due to obsolescence. The partnership also assumed a $15,000 note payable owed by Henry that was originally used to purchase the equipment. What amount should
Henry's capital account be recorded?
A) $104,000
B) $89,000
C) $69,000
D) $84,000
C
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One reason that a common-sized statement is a useful tool in financial analysis is that it enables the user to
a. judge the relative potential of two companies of similar size in different industries b. determine which companies in a single industry are of the same value c. determine which companies in a single industry are of the same size d. make a better comparison of two companies of different sizes in the same industry
Answer the following statements true (T) or false (F)
1. Meetings can be an excellent chance to give an opportunity presentation. 2. Disagreeing with an idea is referred to as active disagreement. 3. Aristotle’s persuasive appeals are ethos, pathos, and logos. 4. Developing a clear organizational structure will enhance both informative and persuasive speeches. 5. A specific purpose is a declarative sentence telling the listeners what you want them to understand or know or believe by the end of your presentation.
How has the adoption of codes of ethics by businesses changed over time?
a. Survival of the fittest has led fewer businesses to abide by their own codes of ethics. b. Since the 1960s, vastly more businesses have adopted them to be more in line with public and industry expectations. c. The rate of adoption by businesses has remained roughly the same since the 1960s. d. The superficial adoption of codes of ethics has increased, while moral expectations of business has decreased.
A violation where the hazard could cause injury or illness that would most likely result in death or significant physical harm is known as a _____________ violation.
A. serious B. mistaken C. minimum D. willful E. None of the above