Answer the following statements true (T) or false (F)
1. The statement of partners' equity shows the changes in each partner's capital account for a specific
period of time.
2. In a partnership balance sheet, each partner's assets, liabilities, and equity will be shown separately.
3. The financial statements of a partnership are similar to the statements of a sole proprietorship.
4. An asset received from a partner as a contribution is recorded at its historical cost.
1. True
2. False
3. True
4. False
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The union would like to negotiate with management. However, management sent Brian as their representative. The union would prefer to work with Raghib. Therefore, the union is refusing to negotiate until management allows Raghib to be its representative. The union is likely in violation of the ______.
A. Railway Labor Act of 1926 B. National Labor Relations Act of 1935 (Wagner Act) C. Labor Management Relations Act of 1947 (Taft-Hartley Act) D. Labor Management Reporting Disclosure Act of 1959
Section 8(b)7. of the National Labor Relations Act prohibits ________
A) picketing for recognition when another union has been certified B) employers from discriminating, encouraging, or discouraging union activity C) restraint or coercion of employees in the exercise of their Section 7 rights D) charging employers for services not performed
Adriana manages a large chemical plant that manufactures a few specialty products for the roofing industry. As a ________ operation, the plant manufactures products in large volumes but with little variety. Production is not continuous but is standardized. Adriana manages the plant in a formal and hierarchical manner, and most major decisions are made by Adriana, in a centralized fashion.
A. large batch B. job shop C. modular D. six sigma E. just-in-time
What is the purpose of using a mnemonic code for data?
What will be an ideal response?