If a principal authorizes an agent to buy a tractor for $10,000, this is an example of
a. certain authority.
b. express authority.
c. incidental authority.
d. apparent authority
B
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"Superior food cooked to the point of perfection!" is an example of a/an ____________________ in the Business Information set
Fill in the blank(s) with correct word
Wheeler Corporation was authorized to issue 100,000 shares of $6 par common stock. On June 30, Year 1, Wheeler issued 20,000 shares at an issue price of $9 per share. On December 1, Year 1, Wheeler declared a cash dividend of $1.25 per share. The dividend is payable on December 30 to stockholders of record as of December 15. Required:a) Prepare the journal entry for the issuance of the 20,000 shares of stock. b) Prepare the journal entries required on each of the following dates:(1) Declaration date(2) Date of record(3) Payment date
What will be an ideal response?
Susan, an accountant, prepared an audit report for a company that wanted to include the report in a registration statement. What must Susan do before the company can do so? What step should she perform in relation to events occurring subsequent to the date of the certified balance sheet in the registration statement?
An entity's internal control requires for every check request that there be an approved voucher, supported by a prenumbered purchase order, and a prenumbered receiving report. To determine whether checks are being issued for unauthorized expenditures, an auditor most likely would select for testing from the population of:
A. Canceled checks. B. Purchase orders. C. Receiving reports. D. Approved vouchers.