After the dissolution of a partnership, partners retain the authority to perform any acts necessary to wind up the business
Indicate whether the statement is true or false
True
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In a structural VAR, a restriction that describes the impact of the current-period value of one variable on the value of another variable in the distant future is known as a ____ restriction.
A. contemporaneous B. long-run C. short-run D. structural
Which of the following should be reported as a change in accounting estimate?
A) change in the reported beginning inventory amount due to a discovery of a bookkeeping error B) increase in bad debt rate applied to net sales C) change from completed-contract method to the percentage-of-completion for revenue recognition D) change made to comply with a new FASB pronouncement
The median should be used if the distribution is asymmetric and the variable is measured on an ordinal scale
Indicate whether the statement is true or false
Reflecting responses should not ______.
a. paraphrase the message b. communicate understanding c. use the sender’s exact words d. communicate acceptance