If the written partnership agreement makes no provision for sharing profits and losses in a limited partnership, they are shared equally
a. True
b. False
Indicate whether the statement is true or false
False
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Read the information for Guinther & Sons. Calculate the total amount of current assets for Guinther & Sons
a. $ 100,000 b. $ 147,000 c. $ 150,000 d. $ 249,000
In a statement of cash flows, receipts from sales of property, plant, and equipment would be classified as cash inflows from
a. liquidating activities. b. operating activities. c. investing activities. d. financing activities.
The development of a personal selling philosophy most likely involves:
A) a full acceptance of the limits of the marketing concept B) a full appreciation of the tenets of the free enterprise system C) a desire to sell internationally D) assuming the role of a problem-solver in helping customers make complex buying decisions E) assuming the role of a competitor for customers' business
In Ben v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Daphne v. Even Steven Auto Deals, Inc.,, a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to
A. allow the minor to cancel the contract. B. disregard the previous case. C. order the minor to cancel the contract. D. require the minor to fulfill the contract.