When a third party harms a corporation, only the shareholders can bring a suit in the corporation's name against that party.
Answer the following statement true (T) or false (F)
False
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An interest-beating note is a loan in which the lender deducts interest from the amount loaned before the money isadvanced to the borrower
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. A budget is the funds allocated to operate a unit for a fixed period. 2. Standing plans are developed for handling non-repetitive situations. 3. Contingency plans are alternative plans to be implemented if controllable events occur. 4. Procrastination generally leads to increased stress levels. 5. Research indicates that most people are fairly skilled multitaskers.
A strategy of maintaining a union's existing strength in its traditional membership areas through difficult times so it can capture unionization interest when nonunion workers finally become disillusioned with employer behavior is known as:
A. Fortress unionism B. Nonmajority unions C. Uplift unionism D. Union protectionism
Assuming prepaid expenses are originally recorded in balance sheet accounts, the adjusting entry to record use of a prepaid expense is:
A. Increase an asset; increase revenue. B. Decrease a liability; increase revenue. C. Increase an expense; decrease an asset. D. Increase an expense; decrease a liability. E. Increase an expense; increase a liability.