1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dybincka [34]
4 years ago
13

After spending a summer "down under," two Oregon friends, Rick and Mick, created a general partnership to import emu from Austra

lia to the U.S. After a year, Rick found himself at the mercy of Mick, who seemed to keep the books and seldom share the financial results, even though Rick was out selling the emu idea to farmers and ecologically conscious consumers and shipments were increasing. As their consultant, one of the first things that you inquire about is whether they are familiar with the UPA (Uniform Partnership Act), specifically the right to participate in managing the operations of the business.
A. True
B. False
Business
1 answer:
I am Lyosha [343]4 years ago
8 0

Answer:

A. True

Explanation:

The Uniform Partnership Act, is an act that exists for the regulation of commercial partnerships of the states of the USA (with the exception of Louisiana).

Therefore, the question is true, as the law stipulates that in a common property, profits and losses must be shared equally and each party must have the right to obtain regular knowledge and receipt of the financial statements that relate to the business.

You might be interested in
Businesses may not use false statements to convince you to buy a product
Alex_Xolod [135]
False do u really think after wearing a certain makeup everyone will instantly like u no this is called a misleading ad
4 0
4 years ago
A company pays $70 million in cash to acquire 70% of the voting stock of another company. The fair value of the non controlling
Makovka662 [10]

Complete question:

A company pays $70 million in cash to acquire 70% of the voting stock of another company. The fair value of the non controlling interest at the date of acquisition is $25 million, and the book value of the acquired company is $20 million. There are no revaluations of the acquired company’s identifiable net assets. Goodwill allocated to the non-controlling interest is:

REQUIRED: Assuming U.S. GAAP is used.

a. Calculate the total goodwill

b. How much goodwill is allocated to the controlling interest? What percent of goodwill is allocated to the controlling interest?

c. How much goodwill is allocated to the non-controlling interest? What percent of goodwill is allocated to the non-controlling interest?

Solution:

a. Total goodwill = $70 million + $25 million - $20 million = $75 million

b. Goodwill to the controlling interest = $70 million - (70% x $20 million)

= $56 million Goodwill percent to the controlling interest = 75%

c. Goodwill to the non-controlling interest = $75 million - $56 million

= $19 million Goodwill percent to the non-controlling interest = 25%

8 0
3 years ago
On November 1, 2021, New Morning Bakery signed a $191,000, 6%, six-month note payable with the amount borrowed plus accrued inte
rosijanka [135]

Answer:

$196,730

Explanation:

The note payable signed has an interest rate of 6% per year. Since the amount is paid back in 6-months, only half a period should be considered when calculating interests due. The total amount that New Morning Bakery should pay back on May 1, 2022 is given by:

A =\$191,000*(1+(0.06*0.5))\\A=\$196,730

The company will need to pay $196,730.

8 0
3 years ago
Why is it a problem if the country produces 2 million cars and 75 million tons of iron ores one year
TiliK225 [7]
Lots of exports but low products being produced. 2 million cars is extremely small number for cars it is unbalanced and must rely heavily on those car imports
8 0
4 years ago
Capital expenditure decisions are useful for estimating inventory acquisition costs. always involve the acquisition of long-live
liberstina [14]

Answer:

always involve the acquisition of long-lived assets

Explanation:

Capital expenditures can be regarded as the investments that is made by

companies in order to grow or maintain their business operations.

It can as well be regarded as capital expense and it's explained as money that is been spent by an organization or corporate entity in buying, maintaining as well as improving its fixed assets, these asset could be buildings, equipment, vehicles or land.

It should be noted that Capital expenditure decisions always involve the acquisition of long-lived assets

6 0
3 years ago
Other questions:
  • Vista newspapers sold 6,000 of annual subscriptions at $125 each on September 1.
    7·1 answer
  • Domino's reason why a target market should buy its pizza is "a delicious hot pizza, delivered promptly to your door" this is als
    13·1 answer
  • Sage Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In
    9·1 answer
  • What are the methods that FNB ( Fist National Bank ) can use to compete with other bank in south Africa
    12·1 answer
  • What are aspects of a free enterprise system?
    5·1 answer
  • According to the video, what tasks do Helpers-Production Workers commonly perform? Check all that apply. fetching and holding ma
    6·2 answers
  • Foods Galore is a major distributor to restaurants and other institutional food users. Foods Galore buys cereal from a manufactu
    13·1 answer
  • The Tough Jeans Company produces two different styles of jeans, Working Life and Social Life. The company sales budget estimates
    5·1 answer
  • Zipcar car rentals is an example of a type of innovation that is similar to product innovation except that this innovation relat
    6·1 answer
  • Pls answer fast and correct I will mark the brainliest
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!