The party who issues or creates a document that requests payment, probably from a bank, is called the drawer
a. True
b. False
Indicate whether the statement is true or false
True
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Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net loss of $6,000 is allocated to Yolanda?
a. $1,000 b. $3,000 c. $5,000 d. $0
Explain the PLAN acronym and its relevance to positive communication.
What will be an ideal response?
Joan pays Eva $60,000 for her $40,000 interest in a partnership. The entry to record the sale on the partnership books is:
A) Eva, Capital 60,000 Joan, Capital 60,000 B) Joan, Capital 60,000 Eva, Capital 60,000 C) Eva, Capital 60,000 Cash 60,000 D) Eva, Capital 40,000 Joan, Capital 40,000
The largest free zones are called free cities
Indicate whether the statement is true or false