An agency relationship can only be formed with a written agreement
a. True
b. False
Indicate whether the statement is true or false
False
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With respect to dividends and priority in liquidation, what has priority over common stock?
a. treasury stock b. debt capital c. preferred stock d. nonconvertible common equity
Effective influence occurs when a person
A. comprehends and retains the content of a message. B. acts in accordance with the content of a message. C. is exposed to, and pays attention to, the content of a message. D. All of these choices are correct.
Which of the following statements regarding a 52-53 week tax year is correct?
A. The year-end must be the same day of the week in all years. B. The year cannot contain more than 366 calendar days. C. Every four years, there will be only 51 weeks. D. The year cannot end on a Sunday. E. None of these.
Morris issued a check to Al in payment of a debt. There were sufficient funds in Morris' account to cover the check when it was presented for payment. However, due to an error, the bank dishonored the check. Which of the following parties is/are potentially liable to the holder?
A) the drawee bank only B) Morris and the drawee bank C) Morris only D) the drawee bank and any collecting bank