When a new partner is admitted to a partnership, all partnership assets should be revised to reflect current prices

If average forecast error is positive, it indicates that the forecast is biased high

Indicate whether this statement is true or false.

The after-tax cost of debt is found by:

A) dividing the before-tax cost of debt by (1 - the corporate tax rate). B) subtracting (1 - the corporate tax rate) from the before-tax cost of debt. C) multiplying the before-tax cost of debt by (1 - the corporate tax rate). D) subtracting the corporate tax rate from the before-tax cost of debt.