A durable power of attorney means that the attorney who wrote the will for you is your legal guardian in case you become incapacitated and can't make decisions yourself

Indicate whether this statement is true or false.


Answer: FALSE

Business

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The capital account balances of a partnership are as follows: Sully, $30,000; Tony, $30,000; and Rally, $30,000 . If Pauly gives $36,000 cash to Rally to buy his partnership interest, the entry to record this transaction would include a

a. debit to Rally Capital, $30,000; b. debit to Rally Capital, $6,000; c. credit to Pauly Capital, $36,000; d. credit to Sully Capital, $2,000; e. debit to Cash, $36,000

Business

Total Accounting has developed new software for nonprofit organizations that allows the organization to send donors receipts via SMS or email. The software permits donors who have downloaded its app to keep a running total of their donations to each nonprofit organization they make donations to if the organization uses the Total Accounting software. This permits the donor to do year-end tax planning. The software also tracks donors for the organizations and sorts them according to the activities or events that elicit the greatest contribution from each donor so the organization can use this information for marketing purposes. What market is the target of the Total Accounting marketing team?

A. Government market B. Industrial market C. Producer market D. Institutional market

Business

Tracing a sample of remittance advices to entries in the cash receipts journal tests which of the following assertions for cash?

A. Occurrence. B. Completeness. C. Authorization. D. Cutoff.

Business

Briefly discuss the four performance perspectives of the Balanced Scorecard Model

Business