If a partner's capital account is credited with the amount that he or she contributed in cash, which of the following financial statements will be affected?
A) the withdrawal statement
B) the bank reconciliation statement
C) the statement of partners' equity
D) the interest payment schedule
C) the statement of partners' equity
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About how many nations are members of the World Trade Organization?
a. 90 b. 110 c. 130 d. 160
What factor, related to manufacturing costs, causes the difference in net earnings computed using absorption costing and net earnings computed using variable costing?
a. Absorption costing considers all costs in the determination of net earnings, whereas variable costing considers fixed costs to be period costs. b. Absorption costing allocates fixed overhead costs between cost of goods sold and inventories, and variable costing considers all fixed costs to be period costs. c. Absorption costing "inventories" all direct costs, but variable costing considers direct costs to be period costs. d. Absorption costing "inventories" all fixed costs for the period in ending finished goods inventory, but variable costing expenses all fixed costs.
The IAS designation for the preferred accounting treatment is referred to as:
a. benchmarking. b. conformity. c. reconciliation. d. convergence.
According to expectancy theory, ______ is important in a benefits package because it gives employees the benefits that are of value to them.
A. rigidity B. flexibility C. experience D. rating