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kirill115 [55]
3 years ago
5

Which of the following statements best describes accounting for a partnership?

Business
1 answer:
svetlana [45]3 years ago
7 0

Answer:

B. A partnership may use federal income tax rules to account for transactions in their journals and ledger accounts.

Explanation:

There is a lot of difference in accounting of normal partnership firms and that of non profit organisations.

Simply a partnership firm cannot be formed as a non profit entity.

A partnership can use any federal laws in compliance and do accounting entries in accordance with them.

The partnership equity section only contains partner's capital account as there are no retained earnings section.

Partnership's do not pay dividend, and if it does it is not limited to money.

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_____ deals with how inputs, activities, and outputs of a process are organized.
kobusy [5.1K]

Structure is concerned with how a process's inputs, actions, and outputs are arranged.

<h3>What do a process' outputs entail?</h3>
  • The outcomes of group work are known as outputs, and the group or organization values these results.
  • In order to maximize a team's performance, it "provides a mechanism to analyze how teams perform."
  • The tangible results of a process, such as reports, meetings, and flyers, are what we refer to as outputs.
  • While these items are helpful in and of themselves, they typically fall short of fulfilling the overall intent of the process.
  • Some examples of results are Information (for instance, fresh information developed as a workshop contribution and/or information from meetings).
  • Data sent by a computer is known as output. Computers can only process digital data.

To learn more about outputs, refer to:

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4 0
1 year ago
A useful way of standardizing financial statements is to choose a _______ year and then express each item relative to that amoun
liberstina [14]

A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.

Below, this is further discussed.

<h3>Financial statements: What are they?</h3>

Financial statements, in general, are official records of the financial activity and condition of a company, an individual, or another organization. Structured and simple-to-comprehend presentations of pertinent financial data are made.

In summary, Selecting a base year and then expressing each item according to that sum is a helpful method for standardizing financial reporting.

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6 0
1 year ago
For those who are trying to make moral decisions,A. it is impossible to make progress on controversial ethical issues unless eve
madreJ [45]

Answer:

option D : in a moral discussion, clarifying the facts and spelling out the principles to which people are appealing can help us to reach a solution.

Explanation:

Facts clarification and sorting according to the principles in terms of making it known the principles to which is people are appealing can definately help to reach an effective and sustainable solution in making a moral decision.

7 0
3 years ago
History of management thought (Connect, Perform)
fgiga [73]

Answer: 1. 1. By studying patterns that recur in different eras, he can see what management tools will work best in his company's environment.

2. Social

Explanation:

1. It is often said that without knowing where we've been, we cannot know where we are going. This is why History in a general sense is important, it enables us know how things were done in the past so that we may know how to do things now. Specifically to Management, when the CEO studies the history of Management, he can see where Management has been, he can see what strategies have worked and which happens and in what conditions those strategies worked. After studying these patterns and strategies, he can then figure out how best to manage his current Environment based on those.

2. Social change refers to how the Environment of a Variable has changed in terms of what is expected of the people in it. What new norms or Cultural practices are now held in high regard as opposed to previous times.

Millennials have different values from those of the previous generations which means that there has been a Social Change that managers have to adapt to in order to be able to best achieve Organizational goals.

3 0
3 years ago
Savings tools offered by depository institutions may earn interest. which of the following statements is not true about interest
irina [24]
D   interest is the price paid for usong someone elses moneu
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3 years ago
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