Partner A devotes full time and partner B devotes one-half time to their partnership. If the partnership agreement is silent concerning the division of net income, Partner A will receive a $20,000 share of a net income of $30,000

a. True
b. False

Indicate whether the statement is true or false


False

Business

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Indicate whether the statement is true or false

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The work in process inventory account increases when raw materials are placed into production.

Answer the following statement true (T) or false (F)

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On January 1, Eastern College received $1,380,000 from its students for the spring semester that it recorded in Unearned Tuition and Fees. The term spans four months beginning on January 2 and the college spreads the revenue evenly over the months of the term. Assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on February 28?

A. $1,035,000. B. $980,000. C. $345,000. D. $1,380,000. E. $690,000.

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To form plurals when a consonant precedes y, change the y to i and add es

Indicate whether the statement is true or false.

Business