Cor-eng partnership was formed on january 2, 20x1. under the partnership agreement, each partner has an equal initial capital balance accounted for under the goodwill method. partnership net income or loss is allocated 60% to cor and 40% to eng. to form the partnership, cor originally contributed assets costing $30,000 with a fair value of $60,000 on january 2, 20x1, while eng contributed $20,000 in cash. drawings by the partners during 20x1 totaled
$3,000 by cor and $9,000 by eng. cor-eng's 20x1 net income was $25,000. eng's initial capital balance in cor-eng is
a. $25,000
b. $20,000
c. $60,000
d. $40,000

Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.

Which of the following can an interviewer legally ask you about at a job interview? a. your marital status b. whether or not you have medical conditions c. whether or not you’ve been convicted of a crime d. your age