With a partnership, profit and losses are reported on?
a. A 1040E schedule
b. A Schedule K-1
c. An S-schedule
d. Profit and losses are not reported
b. A Schedule K-1
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Assignees:
A. can sue a promisor for nonperformance. B. are not required to notify the promisor of the assignment. C. can acquire greater rights than an assignor. D. are not entitled to the rights to a promisor's performance.
Which of the following is the correct formula for the asset turnover ratio?
A) Net sales / Average total assets B) Net sales / Cost of goods sold C) Net sales / Net assets D) Net profit / Net sales
A competent communicator frequently uses the word you, regardless of whether positive or negative news is conveyed
Indicate whether the statement is true or false
Franz Colruyt has achieved low-cost leadership through:
A) effective use of voice mail. B) plastic, not paper, shopping bags. C) background music that subtly encourages shoppers to buy more. D) converting factories, garages, and theaters into retail outlets. E) exclusive use of the Euro.