The receipt of which of the following would be considered evidence of the recipient being in a
partnership, assuming all amounts are paid out of the profits of the partnership?
A) Payment of wages earned by an employee
B) A portion of the profits remaining after all other expenses have been paid
C) Rent owed to a landlord
D) Payment of the interest and principal on a debt
B
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The cutoff assertion for accounts payable includes:
A. determining whether all accounts payable are recorded in the proper period. B. determining whether all accounts payable are recorded. C. determining whether all accounts payable are properly classified in the financial statements. D. determining whether all accounts payable actually are liabilities.
Existing customers ________ than new customers
A) are more critical about the quality of the product B) cost less to serve C) are more price-sensitive D) are less likely to refer new customers to the company
One way to move from the social contact to the business contact is to thank the customer for taking time to meet with you and then review your goals for the meeting. Which of the following approaches is this?
A) product demonstration B) agenda C) social D) referral E) customer benefit
Heather is American and works for a U.S.-based company in Brazil. Heather is a __________.
A. Parent- (home-) country national B. Third-country national C. Host-country national D. Domestic national E. Double national