Medicare is not a part of Social Security.
Answer the following statement true (T) or false (F)
False
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When a general business partnership fails, the partners:
A. may be required to pay partnership debts from personal assets. B. are liable for losses equivalent to their own individual contributions. C. can waive their limited liability. D. lose only their investment.
Rent and life insurance expenses are examples of flexible expenses
Indicate whether the statement is true or false
Operating Cash Flow (OCF) = EBIT + Depreciation + Taxes
Indicate whether the statement is true or false.
Jason Whitesides passed away with a will that awarded his estate to his children or grandchildren if his children predecease him. The will directs a per stirpes distribution. Jason has three children, Joan, John and James. However, James died one year before Jason. James is survived by two children, Jack and Jane. How is the estate to be distributed?
A)?Joan - 1/3, John - 1/3, Jack - 1/6, Jane 1/6 B)?Joan - 1/4, John - 1/4, Jack - 1/4, Janet - 1/4 C)?Joan and John - 1/2 each D)?None of the above