In which forms of business organization are the owners personally liable for all the debts of the business?
A. Sole proprietorships and corporations
B. Sole proprietorships and partnerships
C. Partnership and corporation
D. All of the answer choices are correct
Answer: B. Sole proprietorships and partnerships
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IN-PROCESS R&D may be acquired in an acquisition. How is it treated under U.S. GAAP and IFRS?
a. It is capitalized under U.S. GAAP and expensed under IFRS. b. It is capitalized under both U.S. GAAP and IFRS. c. It is expensed under both U.S. GAAP and IFRS. d. It is expensed under U.S. GAAP and capitalized under IFRS.
Which of the following statements is true about channel-originated promotion?
A) It is directed at intermediate channels of distribution. B) It is run by the channel, either to the next channel in the distribution chain or to final customers. C) It is an attempt to get the channels of distribution to stock more of a product. D) It comes directly to the customer from the manufacturer.