During the tax season, accountant Gregory is under considerable stress to complete all of his clients' tax returns. He finds that he is suffering from repeated headaches. This is an example of a(n) _____ sign of stress.
Fill in the blank(s) with the appropriate word(s).
Answer: physiological
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In general, which of the following statements is true with respect to a limited partnership?
A. A limited partner has the right to obtain from the general partner(s) financial information and tax returns of the limited partnership. B. A limited partnership can be formed with limited liability for all partners. C. A limited partner may not also be a general partner at the same time. D. A limited partner may hire employees on behalf of the partnership.
In the next planning period, a firm plans to change its policy of all cash sales and initiate a credit policy requiring payment within 30 days. The statements that will be directly affected immediately are the ________
A) pro forma income statement, balance sheet, and cash budget B) pro forma balance sheet and cash budget C) cash budget and statement of retained earnings D) pro forma income statement and pro forma balance sheet