Examples of nonmonetary transactions is/are:
a. the acquisition of equipment in exchange for shares of common stock.
b. the conversion of a firm's debt into common shares.
c. paying interest.
d. paying dividends.
e. both choices a and b.
E
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Which is NOT a characteristic of a limited liability partnership?
A) One or more of the partners must be a general partner to whom the privilege of limited liability does not apply. B) Prohibits the limited partners from participating in the management of the partnership. C) Partners pay taxes on dividends distributed. D) One or more partners have limited liability.
What is the present value of the following perpetuities?
a. $200 per year discounted at 6% annually b. $500 per year discounted at 9% annually c. $1,000 per year discounted at 5% annually d. $550 per year discounted at 8% annually What will be an ideal response?