If objective evidence supports the write-down of existing assets, the previous partners' capital balances would be reduced accordingly in proportion to

a. Capital investment
b. Profit and loss ratio
c. Amount of Drawing
d. Amount of Expense

b

Business

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If the activity level increases 10%, total variable costs will

a. remain the same. b. increase by more than 10%. c. decrease by less than 10%. d. increase 10%.

Business

All questions on a questionnaire should contribute to the information needed or serve some specific purpose

Indicate whether the statement is true or false

Business