A subsidiary corporation ceases to exist after a share exchange
Indicate whether the statement is true or false
FALSE
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Which of the following statements is true about customer interaction in packaged goods industry?
A) Customer interaction is direct and interaction frequency is high. B) Customer interaction is direct and interaction frequency is low. C) Customer interaction is indirect and interaction frequency is high. D) Customer interaction is indirect and interaction frequency is low.
Which of the following documents would not originate with the purchasing company?
A) Purchase order B) Receiving report C) Check D) Invoice
Chow Company sold a car for $18,100. The cost of the car was $37,500 and an accumulated depreciation of $20,400 had been recorded on the same. The entry to record the disposal of the car is:
A) Accumulated Depreciation-Automobile 20,400 Cash 18,100Automobile 37,500Gain on Sale of Automobile 1,000 B) Accumulated Depreciation-Automobile 37,500 Automobile 37,500 C) Accumulated Depreciation-Automobile 20,400 Automobile 20,400 D) Automobile 37,500 Cash 37,500
Which of the following statements is true with regard to career life insurance agents?
A) They represent several different life insurance companies. B) They are compensated largely through a salary and not through commissions. C) They are paid the same commission rate on new and renewal business. D) The insurer provides financing, training, supervision, and office facilities for career agents.