One disadvantage of a partnership is

A. A difficult creation process

B. Unlimited Liability

C. Unlimited Life of the company

D. Double taxation

Leo Corp has received an invoice for $6,500 with terms of 3/15, n/45 and uses the net method to record purchases. If Leo pays the invoice on the seventeenth day, the Cash account will be: A. debited for $6,305 B. credited for $6,500 C.

Consider two ways to protect your car from theft. The Club (a steering wheel lock) makes it difficult for a car thief to take your car. Lojack (a tracking system) makes it easier for the police to catch the car thief who has stolen it.

A specific purpose statement is one of the first tools you can use to develop your speech. You will develop your specific purpose statement after determining your general purpose and your topic area.

Smith, an individual, is required to pay goode yearly alimony of $6,000 and yearly child support of $18,000. smith paid goode $20,000 in 2017. smith's 2017 w-2 income was $50,000.

In winding up a limited partnership, non-partner creditors are paid before the partners receive their capital contributions. A. True B. False

A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The bond is currently trading at par. If the bond's market price increases by 20%, the conversion ratio will be:A. 25:1B. 32:1C. 40:1D. 48:1

True/False Demand in which quantity demanded drops to zero at the slightest increase in price is called perfectly elastic

All the following are benefits of attending a community college except that

What type of theory is the expectancy theory

On January 1, 2021, the Excel Delivery Company purchased a delivery van for $48,000. At the end of its five-year service life, it is estimated that the van will be worth $3,000.