The most common use of drafts is to:
a. guarantee payment from bankrupt parties b. guarantee payment for real estate
c. guarantee payment for nonnegotiable contracts
d. guarantee payment between businesses located in different states e. none of the other choices are correct
e
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Sales orders should be prenumbered documents
Indicate whether the statement is true or false
When a stock dividend is declared, which of the following accounts is credited?
A) Common Sock B) Dividend Payable C) Stock Dividends Distributable D) Retained Earnings
A(n) ________ typically reports on the reasons for a labor-management dispute and the views and arguments of both sides.
A. mediator B. shop steward C. arbitrator D. fact finder E. associate union member
Explain how net income or loss is determined by using the work sheet