Athe partners are not liable for the liabilities of the partnership
Bthe partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
Cthe partners personal assets are attached to the debt of the partnership
Dthe partners may sell stock to generate additional capital
#82📘 reviewer_appEasy
Which is true about partnership?
AIt has perpetual life
BIt will be dissolved if one of the partners ceases to be connected to the partnership
CIt can be handled down from one generation of partners to another
DIts capitalization must be equal for each partner
#83📘 reviewer_appEasy
Which is true about corporation?
AIt is worse type of business organization
BThe minimum number of incorporators to start is three
CIts life is dependent on the lives of the incorporators
DThe stockholders of the corporation are only liable to the extent of their investments
#84📘 reviewer_appEasy
An aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called _________
Apartnership
Binvestors
Ccorporation
Dstockholders
#85📘 reviewer_appEasy
An association of two or more persons for the purpose of engaging into a business for profit is called _______
Aentrepreneurship
Bpartnership
Cproprietorship
Dcorporation
#86📘 reviewer_appEasy
What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled?
AAuthorized capital stock
BPreferred stock
CIncorporator stock
DCommon stock
#87📘 reviewer_appEasy
What stock represents ownership and enjoys certain preferences than ordinary stock?
AAuthorized stock
BPreferred stock
CIncorporator's stock
DPresidential stock
#88📘 reviewer_appEasy
The amount of company's profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ________
Adividend
Breturn
Cshare of stock
Dequity
#89📘 reviewer_appEasy
What refers to the residual value of a company's assets after all outside liabilities (shareholders excluded) have been allowed for?
ADividend
BEquity
CReturn
DPar value
#90📘 reviewer_appEasy
What refers to the claim of anyone to ownership?
AProprietorship
BAssets
CEquity
DLiability
#91📘 reviewer_appEasy
Cash money and credit necessary to establish and operate an enterprise are generally called _________
Acapital
Bfunds
Cassets
Dliabilities
#92📘 reviewer_appEasy
What represents the share of participation in business organizations?
AFranchise
BPartnership
CStock
DCorporation
#93📘 reviewer_appEasy
The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as ______
Ayield
Beconomic return
Cearning value
Dgain
#94📘 reviewer_appEasy
________ is the element of value which a business has earned through the favorable consideration and patronage of its customers arising from its well known and well conducted policies and operations
AStatus of company
BBig income
CKnown owners
DGoodwill
#95📘 reviewer_appEasy
Which of the ff is an example of an intangible asset?
ACash
BInvestment in subsidiary companies
CFurnitures
DPatents
#96📘 reviewer_appEasy
Lands. buildings, plants and machineries are examples of what type of asset?
ACurrent asset
BTrade investment asset
CFixed asset
DIntangible asset
#97📘 reviewer_appEasy
What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment?
AEconomic return
BYield
CRate of return
DReturn of investment
#98📘 reviewer_appEasy
What is another term for "current assets"?
AFixed assets
BNon-liquid assets
CLiquid assets
DCash
#99📘 reviewer_appEasy
What is an accounting term that represents an inventory account adjustment?
ACost of goods sold
BCost accounting
CStandard cost
DOverhead cost
#100📘 reviewer_appEasy
What is the change in cost per unit variable change called?
