Engineering Economics
Which is true about partnership?

Its capitalization must be equal for each partner.
It can be handed down from one generation of partners to another.
It will be dissolved if one of the partners ceases to be connected with the partnership.
It has a perpetual life.

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Engineering Economics
In a cash-flow diagram:

Time 1 is considered to be the end of time period 1
Time 0 is considered to be the present
All of these
A vertical arrow pointing up indicates a positive cash flow

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