Bernice is withdrawing from a partnership in a state that adopted the UPA. How can she protect herself against liability on contracts the firm enters after her withdrawal?
She may protect herself by giving notice that she is no longer a member of the firm. Otherwise, she will be liable for debts incurred to creditors who had no notice or knowledge of her withdrawal. Persons who had extended credit to the partnership prior to its dissolution must receive actual notice. Constructive notice by newspaper publication is sufficient for those who knew of the partnership but had not extended credit to it before it was dissolved.
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The scale descriptors "very bad," "bad," "neither bad nor good," "good," and "very good" are commonly used when studying the ________ construct (Table 9.3 in the text)
A) attitude B) satisfaction C) purchase frequency D) purchase intent
Explain the role of a sales increase as a trigger for a contingency plan
What will be an ideal response?
Denny's Deli, Inc The stockholders' equity section of the December 31, 2011, balance sheet for Denny's Deli appeared as follows: Common stock, $20 par, 40,000 shares issued and outstanding $ 800,000 Additional paid-in capital 320,000 Retained earnings 600,000 Total stockholders' equity $ 1,720,000 Assume that all of the 40,000 shares of Denny's stock that was issued as of December 31, 2011, was
issued for $35 per share. On March 1, 2012, Denny reacquired 5,000 shares of its common stock for $43 per share. Refer to the information presented above for Denny's Deli, Inc How much should be reported on Denny's March 31, 2012, balance sheet for treasury stock? A) $42,000 B) $126,000 C) $162,000 D) $215,000
Which statement best describes the concept of equivalent units of production?
A) Equivalent units are the measure of a period's output B) Equivalent units are the units completed in a department C) Equivalent units are the total of the units produced by all departments D) Equivalent units are the number of units completed at the end of the last process