An association of two or more persons to carry on as co-owners of a business for profit is known as a ________.
A. limited partnership
B. sole proprietorship
C. corporation
D. general partnership
Answer: D
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Which of the following would be included in the statement of cash flows in the financing activities section?
A. Issuing common stock in exchange for equipment will create a cash outflow in the investing activities section of the cash flow statement and a cash inflow in the financing activities section of the cash flow statement. B. Issuing a new class of common stock. C. Issuing common stock in exchange for land. D. Issuing common stock in exchange for a building.
______ is being used to describe managers who actively pursue corporate social responsibility initiatives.
a. Ethical leadership b. Moral leadership c. Responsible leadership d. Social leadership
Common uses of the statement of cash flows include all but which of the following?
A. Creditor evaluation of a company's ability to generate cash to cover debt. B. Management determination of the specific sources and uses of cash. C. Investor assessment of cash flows before buying and selling stock. D. Government assessment of whether company is able to pay taxes as they become due. E. Management prediction of future cash flows for decision making.
An engagement letter is a written contract A) between an accountant and client
B) in anticipation of marriage. C) between a corporation and the AICPA. D) intended to create a fiduciary duty of an accountant to his client.