Which of the following journal entries would be recorded if Christy Jones, Inc. issued stock and received $3,000?
A)
Cash 3,000
Common Stock 3,000
B)
Accounts Payable 3,000
Cash 3,000
C)
Common Stock 3,000
Cash 3,000
D)
Common Stock 3,000
Accounts Payable 3,000
A
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Indicate whether the statement is true or false
Martin was owed $10,000 in wages he had earned in the past 2 months but had not been paid by his employer Allsafe Industries Inc. Allsafe has now been forced into bankruptcy by the bank. Which of the following statements is TRUE?
A) Martin can claim $10,000 as a preferred creditor B) Martin can claim $10,000 as a secured creditor C) Martin can claim $10,000 as an unsecured creditor D) Martin can claim $5,000 as a secured creditor and $5,000 as an unsecured creditor E) Martin can claim $2,000 as a preferred creditor and $8,000 as an unsecured creditor
A police officer may arrest a person based on ____________________, the reasonable belief that a crime has been committed
Fill in the blank(s) with correct word
The Racketeer Influenced and Corrupt Organizations (RICO) Act is a product of: A) Congress
B) international trade agreements. C) state law. D) the Constitution.