A partner's notification of a fact relating to the partnership is not effective against the other partners until the relevant fact is entered on the minutes at the next partnership meeting
Indicate whether the statement is true or false
False
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A company with 100,000 authorized shares of $4 par common stock issued 50,000 shares at $9 . Subsequently, the company declared a 2% stock dividend on a date when the market price was $10 a share. The effect of the declaration and issuance of the stock dividend is to
a. decrease retained earnings, increase common stock, and increase paid-in capital b. increase retained earnings, decrease common stock, and decrease paid-in capital c. increase retained earnings, decrease common stock, and increase paid-in capital d. decrease retained earnings, increase common stock, and decrease paid-in capital
Direct expenses are assigned to departments based on
a. estimated expenses. b. actual expenses. c. the percentage of total net sales represented by each department. d. the percentage of gross sales represented by each department.
Which of the following is the Department of Homeland Security's foremost responsibility?
A) to enforce laws to prevent and control civil unrest in the country B) to enforce laws to prevent the possibility of the United States going to war C) to enforce laws to prevent domestic terrorist attacks and related criminal activities D) to enforce laws to prevent and control economic recession in the country
Express terms are those terms which are actually stated by the parties to the contract
Indicate whether the statement is true or false