Which of the following items is included in the partnership agreement?
A) age of each partner
B) duties of each partner
C) citizenship of each partner
D) net worth of each partner
B
Business
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At the end of the current year, the accountant for Colorful Graphics, Inc. forgot to make an adjusting entry to accrue Wages Payable to the company's employees for the last week in December. The wages will be paid to the employees in January
Which of the following is an effect of this error? A) Net income is overstated. B) Liabilities are overstated. C) Net income is understated. D) Expenses are overstated.
Business
Describe the functions of a database management system (DBMS)
What will be an ideal response?
Business