In the liquidation of the partnership, adjusting and closing entries are made when normal operations are discontinued
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is true of a premium on bonds payable?
a. It is a contra-stockholders' equity account. b. It is an account that appears only on the books of the investor. c. It increases when amortization entries are made until it reaches its maturity value. d. It decreases when amortization entries are made until its balance reaches zero at the maturity date.
Customer Requests Information for Returning Product The customer service department of Software Solutions received a letter from Latif Ahmed stating that he placed an order for the AccTabs accounting software and instead received a software package
entitled ThirdWave. He would like to receive a UPS account number to use when returning the product so that he will not have to pay the shipping, as well as instructions for packaging and labeling the returned product. Required: Write an e-mail message as the customer service manager of Software Solutions responding to Mr. Ahmed's requests. Include an appropriate subject line and message body in your solution.
Consistent mediocrity is most often associated with which capacity management technique?
a. Cross-training employees b. Overbooking c. Self-service d. Capacity sharing
In which revenue model do third parties such as brokers generate money?
a. intermediation revenue model b. licensing revenue model c. franchising revenue model d. professional revenue model