of a profession. Partnership: A partnership is a joint undertaking profit and loss A partnership is the status arising out of a contract entered into by two or more persons whereby they agree to share as common owners the profits of a business carried on by all or any of them on behalf of all of them. Characteristic elements of partnership Consensual: Existing by consent Nominate: because it has special name or designation Bilateral: because it is entered into by two or more persons
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EXAMINATION. THIS PAPER MUST NOT BE REMOVED FROM THE EXAM CENTRE. SURNAME:____________________________________ FIRST NAME:____________________________________ STUDENT NO:____________________________________ COURSE:____________________________________ 25556 The Financial System Special exam‚ spring semester‚ 2011 Time Allowed: 3 hours plus 10 minutes reading time. Exam day and date: 1. Exam Paper: • Please ensure that your name and student
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conditional constitute consideration? Yes‚ such a promise consideration even if the condition is unlikely to occur. 3. What is the general rule about the adequacy of consideration? The adequacy of the consideration is irrelevant because the law does not prohibit bargains. 5. Is there consideration when a secured note for a lesser amount is given and accepted in discharge of an unsecured note for a greater amount? Explain. No‚ because if a secured not for a lesser amount is given and
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300 Final Exam / 100% correct answers http://www.homeworkmarket.com/content/acc-300-final-exam-100-correct-answers 1. Which of the following is the most appropriate and modern definition of accounting? A) The information system that identifies‚ records‚ and communicates the economic events of an organization to interested users B) A means of collecting information C) The interconnected network of subsystems necessary to operate a business
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FINAL EXAM MATERIAL Lecture notes: see Blackboard Tutorial problem sets: see Blackboard Book chapters: Varian‚ 8th ed. 1 The market 2 Budget constraint 3 Preferences 4 Utility 5 Choice 6 Demand 8 Slutsky equation (no algebra required) 14 Consumer’s surplus (no algebra required) 15 Market demand 18 Technology 19 Profits maximisation 20 Cost minimisation 16 Equilibrium 31 Exchange and Welfare Theorems (no algebra required)
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QUESTION 1 – (16 Marks) – 28 minutes The following data is from the accounts of Fleury Corporation on December 31‚ 2005‚ the end of the current reporting year. Dr. Cr. Cash $ 116‚000 Accounts receivable‚ trade 337‚000 Short-term investment in marketable securities 440‚000 Inventory of merchandise‚ FIFO 1‚295‚000 Prepaid expense (short term) 11‚000 Investment in Hydro One Bonds (Held to Maturity – June 30‚ 2008) 147‚000 Advances to suppliers (short term) 24‚000 Dividends
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SEC578 Final Exam Study Guide YOU MAY WANT TO PRINT THIS GUIDE. 1. The Final Exam is "open book‚ open notes." The maximum time you can spend in the exam is 3 hours‚ 30 minutes. If you have not clicked the Submit For Grade button by then‚ you will be automatically exited from the exam. In the Final Exam environment‚ the Windows clipboard is disabled‚ so you will not be able to copy exam questions or answers to or from other applications. 2. You should click the “Save Answers” button in the exam
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Final Exam Study Guide The following are broad / general questions that students should be able to answer after having completed this course. Note that these are not specific questions taken from the final exam; these questions are to be used as a guide to judge how well you know the material. (NOTE: Did you notice the specific study strategy that is encouraged by the format of this study guide?) Success in College What are the different types of learning styles? Why can failure be a good thing
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Web Quiz Assignment Name: Adamson‚ Law for Business and Personal Use‚ 17e‚ Xtra! Quiz‚ Chapter 6 Offers that require the offeree to accept by communicating the requested promise to the offeror are: a. unilateral contracts. 1. b. bilateral contracts. c. matching acceptance rule. d. mirror image contracts. When the current market price is not specified in a contract between merchants for the sale of goods‚ but the current market price is understood to be the basis of the contract‚ the price
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Chapter 8 Q&A 3. For a crime to be committed‚ the prosecutor must be able to prove a criminal intent and an overt act to carry out that intent. Jack and Mary agreed to rob a series of banks. Prior to beginning their bank robbery spree‚ they were arrested and charged with criminal conspiracy. What act did Jack and Mary do that justifies a finding that they committed the crime? Explain. As a general rule‚ crime involves combination of act and criminal intent. A crime is committed when it is
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