Which of the following is true of a partnership balance sheet?
A. It excludes any current liabilities.
B. It reports a separate capital account for each partner.
C. Unlike a corporation's balance sheet, it includes all income statement account information.
D. It details the interest expenses of the business.
Ans: B. It reports a separate capital account for each partner.
You might also like to view...
A legal procedure by which a secured creditor causes the judicial sale of the secured real estate to pay a defaulted loan is known as ________
A) attachment B) accountability C) land sales contract D) foreclosure sale
Write the expression for total revenue per month
A newly opened bed-and-breakfast projects the following: Monthly fixed costs $8000 Variable cost per occupied room per night $40 Revenue per occupied room per night $165
Which of the following is not something to keep in mind when you create a professional profile??
A) ?Emphasize your strengths. B) ?Check for 100% accuracy. C) ?Avoid using keywords. D) ?Proofread carefully.
Human behavior is influenced by the physical setting in which it occurs. How does the servicescape influence the individual behavior of consumers and employees? Give examples.
What will be an ideal response?