The profit and loss ratio is not required to be equally divided between and among the partners
Indicate whether the statement is true or false.
Answer: TRUE
Business
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Gem Corp. had cash sales of $10,000. The state sales tax rate is 10.8%. What amount is debited to the Cash account?
A) $10,000 B) $11,080 C) $1,080 D) $1,000
Business
Which company is most likely going to use a continuous campaign schedule of advertising?
A) a lawn mower manufacturer B) a Christmas decoration supplier C) a furniture manufacturer D) a space heater manufacturer
Business