Rimsone, Inc. purchases 8,500 shares of the company's own $6 par common stock for $8 per share. Journalize the transaction

Katrina and Shannon form a general partnership to operate a gourmet kitchen business. In most states, if they do not specify their respective management rights then:

a.) both partners have equal management rights. b.) the partner who invested more capital has a greater voice in management. c.) one partner has superior management rights. d.) one partner manages the business and the other provides the capital.

Managers use philosophies that guide them in their decision making

Indicate whether the statement is true or false