Portal/site/FAC1601-21-S1-3E/tool/3 4772cf8-9110-45bf-baee-1854aa651670 /jsf/delivery/deliver Assessment QUESTION 1
Which one of the following alternatives is correct?
A. The retirement of a partner from a partnership does not require the calculation of a new profit-sharing ratio but a
simple reallocation of a retired partner's share.
OB. From the legal perspective, the activities of a dissolved and a subsequent new partnership are not separately
accounted for and reported on
OC. Since partnerships are not govemed by a law requiring that IFRS be applied, it is not possible to introduce a
standardised accounting procedure according to which changes in the ownership structure of partnerships ought to be
recorded
D. When a change in the ownership structure of a partnership occurs, a new partnership agreement is entered into by
the new partners which causes the existing partnership to continue with its business operations without any interruptions.
O E. Since a partnership is a legal entity, the ownership of a partnership is vested in the partners, and not in the
partnership
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Employees who are paid to complete a task, such as build a house, are paid on a(n) basis

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)

Calculating and interpreting eps information wells fargo reports the following information in its 2015 form 10-k. in millions 2015 2014 wells fargo net income $24,005 $24,168 preferred stock dividends $1,535 $1,347 common stock dividends $7,400 $6,908 average common shares outstanding 5,136.5 5,237.2 diluted average common shares outstanding 5,209.8 5,324.4 determine wells fargo's basic eps for fiscal 2015 and for fiscal 2014. round answers to two decimal places.