Legal issues that may arise before marriage for first-time, childless couples may include:
A) promise to marry, ring size, and spousal support.
B) promise to marry, engagement, and spousal support.
C) equitable distribution and separation agreements.
D) custody and visitation.
B
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During a liquidation, if a partner's capital account balance drops below zero, what should happen?
a. the deficit balance should be removed from the accounting records with only the remaining partners sharing in future gains and losses. b. the partner with a deficit contributes enough assets to offset the deficit balance c. the other partners should contribute enough assets to offset the amount of deficit if the partner with a deficit is insolvent. d. both b & c
When fixed costs are $18,000 and the contribution margin per unit is $4, the breakeven point is
A) 4,500 units. B) 2,230 units. C) $22,300. D) $72,000.