Assets invested by a partner into a partnership become the property of the business.
Answer the following statement true (T) or false (F)
True
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A business realizes a net profit of $3 million and a return on assets of 6%. The total assets of the business will be ________
A) $5 million B) $20 million C) $18 million D) $50 million E) $36 million
King Corporation borrowed $75,000 during Year 2 from its bank under a short-term borrowing arrangement. The statement of cash flows for King Corporation classifies the transaction as a(n)
a. operating activity b. investing activity. c. financing activity. d. lending activity. e. exchange activity.
Answer the following statements true (T) or false (F)
1. One reason why a code of ethics should be adopted is to increase market share and profitability. 2. Section 406 of the Sarbanes-Oxley Act of 2002 requires that companies that are publicly traded disclose whether or not they have a code of ethics. 3. Kyosei is defined as the ability to live and work together for the common good that allows for mutual prosperity through cooperation. 4. The UN Global Impact was established in January 1999 based on a challenge by former Secretary-General of the United Nations Kofi Annan for businesses to adopt universal environmental and social principles.
There is some evidence that in ____________ and Japan, perceived price-quality relationships are high.
Fill in the blank(s) with the appropriate word(s).