When forming a partnership, new partners should record non-monetary assets on the new partnership's books at?

• A. their current fair market values
• B. their historical costs when first use
• C. their historical costs when first purchase by each new partner
• D. the highest values practical so that future income tax deductions are maximized

After each of the following sentences, a list of possible interpretations of the sentence is given. Choose the interpretation that you consider most appropriate for each sentence.

You must be speaking with your tongue in your cheek. This means that you

• A. must be very serious
• B. must be thinking of something else
• C. have food in your mouth
• D. don't mean what you are saying

Who was the head of state when Nigeria first won the Africa cup of Nations

• (A)Shehu Shagari
• (B) Muhammad Buhari
• (C) Muritala Muhammed
• (D)Ibrahim Babaginda

A 2H inductor has negligible resistance and is connected to a \(\frac{50}{\pi}\) Hz A.C supply. The reactance of the inductor is?

• A. 200\(\Omega\)
• B. 50\(\Omega\)
• C. \(\frac{100}{\pi}\)
• D. \(\frac{25}{\pi \Omega}\)

The following can be deducted from al fathah except that is

• A. Summaries the Quran as a whole
• B. Unfolds the Fundamentals principles
• C. extols the attributes of the divine being
• D. Magnifies Allah by Indicating his Oneness

The 1976 Local Government Reforms made the Nigerian local govenment become

• A. autonomous
• B. the fourth tier of government
• C. 774 in number
• D. recipient of statutory allocations

________ moved the motion for Nigeria's independence.

• A. Anthony Enahoro
• B. Herbert Macaulay
• C. Obafemi Awolowo
• D. Nnamdi Azikiwe

An important function of the price system is to

• A. ensure that producers' profits remain high
• B. guarantee full employment of resources
• C. allocate resources to most productive uses
• D. protect the economic interests of government

When large numbers of organisms share limited space and resources, the immediate result is

• A. extinction
• B. emigration
• C. competition
• D. immigration

NH3(g) + HCl(g) → NH4Cl(s) The entropy change in the system above is

• A. negative
• B. indeterminate
• C. positive
• D. zero