In a general partnership, all partners have equal rights in managing the partnership.
Answer the following statement true (T) or false (F)
True
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Consider the following production function? Y = A×Ka×L1?a. ? If a = 0.4, and over the past year total factor productivity (TFP) grew 2.6 percent, capital grew 2 percent, and labor grew 1 percent, what was the growth rate of output over the year?
A. 2 percent B. 3 percent C. 4 percent D. 5 percent
Which of the following statements is true of a bond that is issued at a discount?
A) The bond will be issued at par. B) The stated interest rate is higher than the prevailing market interest rate. C) At maturity, the bond will repay an amount that is less than the face value. D) The bond will be issued for an amount less than the face value.
The General Fund is the only fund that can have a positive unassigned fund balance.
Answer the following statement true (T) or false (F)
Discount on bonds payable and Premium on bonds payable are examples of:
A) contra-accounts. B) companion accounts. C) estimated accounts. D) equity accounts.