When proofreading a report, use a grammar software program to identify incorrect word usage and incorrect page order

Indicate whether the statement is true or false


False

Business

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Kelly, Lars, and Mona agree to be partners in Neighborhood Delivery Service (NDS), splitting the profits equally. Kelly contributes 67 percent of the capital. When NDS is dissolved, its liabilities are greater than its assets. The losses are paid by

a. all of the partners in proportion to their capital contributions. b. all of the partners in proportion to their shares of the profits. c. Kelly because she contributed most of the capital. d. Lars and Mona because they contributed the least of the capital.

Business

The FTC may sue a company for an unfair act that is not deceptive

a. True b. False Indicate whether the statement is true or false

Business

In a direct cutover conversion strategy, the new system:

A) is tested by an outsourced company. B) replaces the old one at an appointed time. C) and the old are run together. D) is introduced in stages. E) is run in at least two separate divisions in order to compare results.

Business

The SEC has usually restricted its role in establishing accounting principles to

A. The promulgation and issuance of SASs (Securities Accounting Standards). B. Developing definitions of key accounting terms. C. Determining required disclosures. D. Developing accounting standards for particular industries. E. Specifying the information that should be included in interim financial statements.

Business