Identify which of the following statements is true
A) A partner who performs services for a partnership is usually not considered an employee of the partnership.
B) It may be necessary for the partnership to capitalize a partner's guaranteed payment.
C) Guaranteed payments are ordinary income to the recipient.
D) All of the above are true.
D) All of the above are true.
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When evaluating a solution in decision making, answering yes to which of the following questions should cause you to reconsider choosing it?
A. Is there enough time? B. Are the costs reasonable? C. Is it ethical? D. Is the technology available? E. Do you consider it merely "good enough"?
Using the pronouns "you" and "your" in a sales letter:
A) assumes the customer will definitely buy B) conveys an informal tone C) keeps the focus on the customer D) should be avoided if possible E) follows standard business letter format
The returns on Asset A are strongly, positively correlated with Asset B's returns; thus, holding the two assets together will
A) significantly reduce portfolio risk. B) significantly increase portfolio risk. C) have little or no effect on portfolio risk. D) significantly increase portfolio return.
In order to be negotiable, an instrument must comply with the standard legal forms
Indicate whether the statement is true or false