Which of the following is a long-term liability?

1.In the absence of a partnership deed, what is the rate of interest on a loan provided by a partner?

2.In the absence of a partnership deed, how is the business profit distributed among partners?

3.If a partner withdraws 2,000 Taka on the first day of every month, what will be the amount of interest at 10%?

4.What is Polash's share of the profit?

5.If a company has no goodwill, at what price does it usually issue shares?

6.Which of the following is a characteristic of a company organization?

7.Total authorized shares are 20,000 at a face value of 10 Taka each. If the company issues 16,000 shares at a premium of 2 Taka per share, what is the Paid-up Capital?

8.What do you call the portion of authorized capital that is advertised for sale?

9.What is the journal entry for returning excess share application money?

10.According to which principle is inventory valued?

11.At what maximum rate can a company issue shares at a discount?

12.Which is an example of operating income?