In the return to normal stage, the firm shifts its emphasis from generating cash flow to ________
A) finding short-term financing B) correcting accounting problems
C) setting up emergency control systems D) maintaining a strong balance sheet
D
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Sharon and Louis are starting a business together. In their legal partnership agreement, what should be included?
A. Future business decision processes such as; how the partners will dissolve the partnership, resolve disputes, divide profits, and change ownership. B. The business location, the amount of money each partner will contribute to the business, and the total number of employees the company will hire. C. Current financial statements, an executive summary, and a survey of the marketing environment for the business.
What are fixtures?
A) goods closely associated with a piece of real property B) intangible properties created inside the premises of a real property C) parts of a real property that are easily transferrable without substantial damage to the property D) goods that cannot be classified as personal property or real property