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Varvara68 [4.7K]
4 years ago
5

A partnership's allocations of income and deductions to the partners are required to be proportionate to the partners' percentag

e ownership of partnership profits in order to meet the substantial economic effect tests.1. True
2. False
Business
1 answer:
olga_2 [115]4 years ago
6 0

Answer:

A partnership's allocations of income and deductions to the partners are required to be proportionate to the partners' percentage ownership of partnership profits in order to meet the substantial economic effect tests.

True

Explanation:

Equity and equality must be put in place as a yardstick to allocate such which would bring a common ground for both parties.

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Which of the following statements about the Phonemic Chart for English is incorrect? Select one:
pashok25 [27]

There are a few different phonemic charts for English is the following statements about the Phonemic Chart for English is incorrect.

d. There are a few different phonemic charts for English

<u>Explanation:</u>

The 'phonemic chart' is a lot of images that speak to every one of the sounds in communicating in English. The phonemic graph is likewise valuable for rehearsing elocution since it empowers you to imagine the individual sounds you are experiencing difficulty inside English and practice those sounds precisely.

There are 44 Phonemes in English. In spite of there being only 26 letters in the English language, there are roughly 44 one of a kind sounds, otherwise called phonemes.

The 44 sounds help recognize a single word or significance from another. Different letters and letter mixes are known as graphemes are utilized to speak to the sounds.

4 0
4 years ago
Read 2 more answers
True or False: Computing interest using the sum-of-the-digits method allocates more interest at the beginning of a loan than at
Serhud [2]

Answer:

True

Explanation:

To illustrate how the sum-of-the-digits method allocates interest we can use a lease example:

You are the lessor and you will lease a machine during 4 years. The lease requires 4 equal payments of $100,000 at the beginning of the year. After the lease, the asset's salvage value = $0.

The asset's current value = $300,000, so total interests received = $100,000

Using the sum-of-the-digits method, you will allocate interest as follows:

  • year 1 = 3/6 x $100,000 = $50,000
  • year 2 = 2/6 x $100,000 = $33,333
  • year 3 = 1/6 x $100,000 = $17,000

The largest portion of interests is allocated during the beginning of the loan.

5 0
4 years ago
Why is study of fossils is important to human being?
lara [203]

Answer:fossils are important in understanding the history of the world because they provide physical evidence of animals and plants that lived in the past.

Explanation:

5 0
3 years ago
How Is productivity determined?
saul85 [17]

Answer:

a. by measuring The relationship to inputs and outputs

Explanation:

Productivity shows the efficiency of generating output using the available inputs. It is measured by dividing the output of a company or a production line by the inputs used. Therefore, productivity shows the relationship between inputs and outputs.

Productivity can also be measured by labor output. In this case, the output is divided by the number of labor hours used.

7 0
3 years ago
Leo Co. uses the allowance method to account for bad debts. At the end of the year, Leo Co.'s accounts receivable balance is $25
zhenek [66]

Answer: $400

Explanation:

A bad debt expense will be recognized by a company when the company cannot collect its receivable due to the fact that a customer cannot pay back their debt and fulfill their obligation.

Therefore, the estimated bad debts will be computed below:

= ($25,000 × 2% - $100)

= $500 - $100

= $400

Then, the journal entry to record the estimated bad debt expense will be:

Debit: Bad debt expense A/c $400

Credit: Allowance for doubtful debts $400

8 0
3 years ago
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