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michaelmorris17 michaelmorris17
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Posts: 544
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6 years ago
Write the accounting equation. Then define each term.



Question 2 - The results of an evaluation should be discussed with an employee soon after the evaluation is completed.
 
 Indicate whether the statement is true or false



Question 3 - Which of the following statements is true of formation of general partnerships?
 A) It is safer to get everything in writing and to seek expert legal assistance when drawing up an agreement than verbally agreeing.
  B) It is legally not possible to start a partnership on the basis of a verbal agreement.
  C) There is a limit on the number of partners who can participate in a general partnership.
  D) A general partnership is formed when partners enter into an involuntary partnership agreement.
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wrote...
6 years ago
[ 1 ]  The accounting equation is Assets = Liabilities + Owners' equity. Assets are the resources a business owns. Liabilities are the firm's debts. Owner's equity is the difference between total assets and total liabilities.

[ 2 ]  True

[ 3 ]  A
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