An agency arrangement based on the conduct of the two parties is what type of agency?
A) Inherent B) Implied C) Express D) Apparent
B
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A corporation issues 50 "packages" of securities for $154 per package. Each package consists of three shares of $5 par common stock and one share of $50 par preferred stock. If the market values of $40 per share for the common stock and $100 per share for preferred stock are known, the journal entry to record the sale would assign a total value to the preferred stock of
A) $3,500. B) $4,200. C) $5,775. D) $6,000.
One disadvantage of using the table form for informal reports is that the reader cannot see the total situation at a glance, and has to read a lot of words
Indicate whether the statement is true or false
Which of the following is a feature of condominium ownership?
A) The owner of each unit in the development also owns a share of the common elements B) The right to possession of each unit in the development is shared between the owner and the condominium corporation C) All owners are equally liable for any debts incurred by another owner with respect to the property D) The condominium corporation must give consent for a unit to be rented E) All of the above
The ________ function involves sorting products according to size and quality.
A. buying B. standardization and grading C. financing D. transporting and storing E. marketing