As long as the action is within the scope of the partnership, any partner can bind the partnership
Indicate whether the statement is true or false
True
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In a statement of cash flows, the payment of a cash dividend on common stock outstanding should be classified as cash outflows for
A) operating activities. B) investing activities. C) credit activities. D) financing activities.
The ________, established in 1947 and modified in 1994, was designed to promote world trade by reducing tariffs and other international trade barriers
A) WTO B) NAFTA C) EU D) CAFTA-DR E) GATT
Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor
cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost per unit .90 The dollar amount of desired profit from the production and sale of the company's product is: A) $105,840 B) $225,000 C) $ 96,000 D) $220,500
Judicial review:
a. scrutinizes actions of federal, but not state, governments. b. is a check by the judicial branch on legislative action. c. is a check by the judicial branch on executive action. d. is a check by the judicial branch on both legislative and executive action.