To close a partnership, each partner's drawing account is closed to income summary
Indicate whether the statement is true or false
false
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Indicate whether the statement is true or false
Southland Tours has net income of $2 million this year. The book value of Southland Tours
common equity is $8 million dollars. The company's dividend payout ratio is 60% and is expected to remain this way. What is Southland Tours' internal growth rate? A) 15% B) 10% C) 6% D) 9%
All other things held constant, the present value of a given annual annuity decreases as the number of periods per year increases.
Answer the following statement true (T) or false (F)
Strong Construction accepted bids for its bid to build homes in the Hillcrest Development. Fred's Framing submitted a bid that Strong used in his bid. Strong got the project and then Fred's backed out of its bid. Which of the following is correct with respect to Strong's rights?
A)?Fred's only made an offer, so it is free to withdraw B)?Fred's is bound to perform for the bid price submitted C)?Fred's is bound to perform, but can raise the price D)?Fred's is bound to perform if Strong accepted