Samuel and Dexter start a logistics company together. Both of them have an equal right to participate in the company's management and share in the company's profits. In this scenario, Samuel and Dexter most likely _____.

A. own a corporation
B. have a limited partnership
C. have a general partnership
D. own a limited liability company


Answer: C

Business

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A) Simply take the enclosed coupon to any of our service centers by June 15 for your free oil and filter change. B) Please respond as soon as possible because this offer is not likely to last very long. C) Wouldn't you like to save some money? D) Be sure to tell all your friends about this exciting offer. E) Now that I have your attention, here is what to do.

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Based on the following, what is the total fixed overhead variance for the total product cost flexible budget variance?


A) $650 F
B) $425 F
C) $350 U
D) $725 U

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For very large round numbers (1 million or greater), use a combination of _________________

a. numbers and fractions b. letters and figures c. figures and numbers d. numbers and decimals

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Given the following events, which ones affect cash flows from investing activities? 1. Collection from issuing capital stock 2. Payment of a dividend 3. Purchases of property, plant, and equipment 4. Collection from the sale of property, plant, and equipment

A) 1 and 2 B) 3 and 4 C) 2 and 4 D) 1, 2, 3, and 4

Business