A majority of the states treat a partnership as an entity for most purposes
Indicate whether the statement is true or false
T
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Employees who engage in whistleblowing
A) are disloyal and should be terminated. B) usually haven't tried to resolve their problems through normal channels. C) are, in many cases, providing vital information to their employers. D) rarely provide information of any value. E) are not protected by any government regulations.
Pilot Company reported the following information for 2015 and 2016. Prepaid insurance, December 31, 2015 $ 2,400 Prepaid insurance, December 31, 2016 1,500 Insurance expense—2016 14,200 How much cash was paid for insurance during 2016?
a. $13,300 b. $14,200 c. $15,100 d. $15,700
Which of the following is true of shipping goods via water transportation?
A) Water transportation is an efficient way to ship perishable merchandise over long distances. B) Water carriers are highly flexible in their routing and time schedules. C) Water transportation provides in-transit services, such as the processing of goods en route. D) Water transportation is ideal when time is short and speed is needed. E) Water transportation is the slowest mode of transportation and the most affected by the weather.
Which is the equation for operating income?
A) (Price x Units sold) - (Unit variable cost x Units sold) - Fixed cost B) (Price x Units sold) + (Unit variable cost x Units sold) + Fixed cost C) (Price + Units sold) - (Unit variable cost + Units sold) - Fixed cost D) (Price - Units sold) + (Unit variable cost - Units sold) + Fixed cost E) (Price x Units sold) + (Unit variable cost x Units sold) - Fixed cost