Answer the following statement(s) true (T) or false (F)
1. Under the statutes of most states, annual meetings of the board of directors are mandatory.
2. A quorum is the minimum number of individuals who must be present or represented at a meeting as a prerequisite to the valid
transaction of business.
3. Misconduct by corporate executives can result in criminal prosecution of both the executives and the corporation.
4. Corporate managers often enact corporate compliance programs to help prevent and detect criminal conduct within their corporations.
1. FALSE
2. TRUE
3. TRUE
4. TRUE
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Which of the following should not be considered as part of "cash and cash equivalents"?
a. Cash on hand b. Cash on deposit c. Highly liquid investments d. Investments in short-term securities (<90 day maturity) e. Cash restricted for retirement of bonds
On January 1, 2019, Burton Sales issued $23,000 in bonds for $35,800. These are eight-year bonds with a stated rate of 9% and pay semiannual interest. Burton Sales uses the straight-line method to amortize the bond premium. Immediately after the issue of the bonds, the ledger balances are as follows:
After the first interest payment on June 30, 2019, what is the balance of Premium on Bonds Payable? (Round your intermediate answers to the nearest dollar.)
A) debit of $800
B) debit of $14,400
C) credit of $235
D) credit of $12,000
When using CVP analysis to determine sales level for a desired amount of profit, the profit is treated as an additional cost to be covered
Indicate whether the statement is true or false
. Chloe’s process includes plans of action that involve enhancing and modifying existing ideas to create better alternatives and new possibilities. Her process is ______.
a. challenging b. development strategies c. expanding d. exposing