The cash disbursements event data shows, in alphabetical order, the details of each cash payment made
Indicate whether the statement is true or false
F
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Lloyd and Harry, equal partners, form the Ant World Partnership. During the year, Ant World had the following revenue, expenses, gains, losses, and distributions: Cost of Goods Sold$85,000Cash Distribution to Harry$15,000Municipal Bond Interest$1,500Short-Term Capital Gains$4,500Employee Wages$40,000Rent$10,000Charitable Contributions$25,000Sales$175,000Repairs and Maintenance$5,000Long-Term Capital Gains$12,000Fines and Penalties$5,000Guaranteed Payment to Lloyd$25,000 Given these items, what amount of ordinary business income (loss) and what separately stated items should be allocated to each partner for the year?
What will be an ideal response?
Filmin Inc. has decided to increase the production of its printers. Filmin does not conduct market research before making its marketing decisions
To ensure profits for the company, Filmin has instructed its marketing force to aggressively advertise and promote its printers. The CEO of Filmin believes that the market will absorb more products if powerful promotion strategies are used. After increasing production of printers, the company plans to reduce the prices of the printers to encourage customers to buy them. Filmin appears to have a _____ orientation. a. task b. production c. sales d. customer
Discuss the various unions involved in the motion picture industry
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In general, which of the following must be contained in articles of incorporation?
a. The names of the states in which the corporation will be doing business b. The name of the state in which the corporation will maintain its principal place of business c. The names of the initial officers and their terms of office d. The classes of stock authorized for issuance