STOP! Do not proceed until you are ready to take this exam. You will just one attempt at this exam and will have 2.5 hours to complete it once you begin (though you may not need that much time).

Mr. X and Mr. Y began a lawn services company that is operated as a partnership.  Their accountant has prepared an income statement for the calendar-based fiscal period ending December 31, 20X1, with a net business profit of $125,000. Notes:  1. They share profits and losses equally. 2.  Included in operating and administrative expenses are the following: •$3,000 of charitable donations. •$36,000 of salaries to each partner. •$1,300 of interest to Mr. X relating to his capital contribution. 3. Amortization was recorded as $1,500, the same as CCA. In addition to the business income, the partnership received eligible dividends of $2,000 which will also be shared equally. Required: Calculate the partnership income that would be included in the 20X1 net income of each partner. (13 pts)

The Family and Medical Leave Act (FMLA) is a ____________ statute that requires employers with 50 or more employees to allow up to _________ weeks of __________ leave for qualifying employees.

The Restatement (Third) of Agency defines the creation of an agency relationship in terms of a principal and agent, wherein the principal must manifest an intent to have the agent act on its behalf and the agent must agree to do so. In such a relationship, the ____________ always retains ___________. 

In the scenario from the preceding question, if William’s company does not follow through on the contract to purchase the building, Ava will be liable to the Seller. 

In the case of Lewis v. Moore, the court held that Moore Media was operated by Ms. Moore as a sole proprietorship. Finding that Moore had the authority to close her business, the court observed that a sole proprietorship __________________. 

Sam started a sole proprietorship which he registered under the fictitious name ONWRD. Within six months, the company succeeded far more than he expected and he would like to take in a partner. Unfortunately, because he started as a sole proprietorship, Sam cannot modify the company to become any other type of business entity. 

Emilio wishes to form a corporation called Be Kind Enterprises, Inc. To form the corporation in Florida, Emilio must draft and file  ______________ with the Department of State’s Division of Corporations.

What is the output of following codes? #include #include #include using namespace std; class Dog { private:        string name; public:        Dog();        Dog(string initName);        void setName(string newname);        string getName(); };   Dog::Dog() {        cout

Which of the following is not a reaction of toxic overdose of fluoride?