A suit may be brought by the state to challenge the existence of a de facto corporation in a quo warranto action

Indicate whether the statement is true or false


True

Business

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On July 1, 2018, Sanchez Company purchased merchandise inventory for $350,000 by signing a note payable. The note is for 6 months and bears interest at a rate of 8%. Prepare the journal entry for this transaction, using a perpetual inventory system. Omit explanation.

What will be an ideal response?

Business

Adaptive leadership can be most highly contrasted with which other approach?

A. transformational Leadership B. servant Leadership C. trait Approach D. leader Member Exchange

Business

Which statement isĀ falseĀ regarding the Balance Sheet for Governmental Fund Financial Statements?

A. The Balance Sheet for Governmental Fund Financial Statements measures only long-term financial resources of the governmental entity. B. The Balance Sheet for Governmental Fund Financial Statements measures only current financial resources of the governmental entity. C. Capital Assets are not reported on the Balance Sheet for Governmental Fund Financial Statements. D. Long-term debts are not reported on the Balance Sheet for Governmental Fund Financial Statements. E. The Balance Sheet for Governmental Fund Financial Statements uses the modified accrual method for timing purposes.

Business

Regular, performance-related discussions with employees usually last

a. At least one hour b. At least forty-five minutes c. Not more than ten or fifteen minutes d. Five minutes

Business