The FTC's Disposal Rule:
a. applies to both electronic and paper documents b. applies to electronic, but not paper documents c. applies to paper, but not electronic documents
d. cannot apply to electronic documents because there is really no way to destroy an electronic document e. none of the other choices are correct
a
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When a new partner is admitted to a partnership, all partnership assets should be revised to reflect current values
a. True b. False Indicate whether the statement is true or false
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $5000. The company retired these bonds by buying them on the open market at 98. What is the gain or loss on this retirement?
A. $2000 loss. B. $2000 gain. C. $0 gain or loss. D. $3000 gain. E. $3000 loss.
Which of the following would not be a typical item of business at the organizational meeting of a
corporation? A) Authorizing the issuance of shares of stock B) Choosing an auditor C) Adoption of bylaws D) Election of corporate officers E) Selection of promoters
The Contract Clause prevents a state from:
a. making contracts with private individuals. b. affecting any agreements between two parties. c. changing contracts after they have been made. d. contracting with another state.