Cash flows from financing activities, as part of the statement of cash flows, include payments for dividends
Indicate whether the statement is true or false
True
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Which of the following is not an adverse factor affecting direct selling?
a. the unavailability of female consumers in their homes due to a large proportion of the female population that currently works b. high sales turnover of sales personnel c. a poor image associated with direct selling careers d. high mailing and catalog production costs
Sales Marketing Corporation and Tech Support, Inc, negotiate a contract. If the contract has all of the elements necessary for one of the parties to enforce it in court, it is
a. a valid contract. b. a voidable contract. c. a void contract. d. an unenforceable contract.
If a trademark is to be used in foreign markets, it is wise to register it under the Lanham Act.
Answer the following statement true (T) or false (F)
dentify which of the following statements is true.
A) Although a partner's basis in the partnership cannot go below zero, a partner's book capital account (equity) may be negative. B) Tom purchased for cash a 40% capital, profits, and loss interest in the TP General Partnership. His $140,000 basis in his partnership interest includes his $45,000 share of recourse debt and his $30,000 of nonrecourse debt (that is not qualified nonrecourse real estate financing). His at-risk basis cannot be more than $65,000. C) Terri is a limited partner in the STU Partnership, which manufactures children's toys. Because the partnership is actively involved in a trade or business, Terri's income from the partnership is classified as active income for the passive activity loss rules. D) All of the above are false.