A corporation in the state in which it was formed is referred to as a(n) ________
A) foreign corporation
B) domestic corporation
C) alien corporation
D) overseas corporation
B
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The master budget usually includes
a. an operating budget. b. a capital budget. c. pro forma financial statements. d. all of the above.
Which of the following is true about surplus variables in a simplex tableau?
A) They are used to convert ? constraint inequalities to equations. B) They require the addition of an artificial variable. C) They represent unused resources. D) They should be added to the left-hand side of the equation. E) They yield a positive profit.
Nominal damages can be important because:
a. they serve as a warning to other who might breach a contract b. injured parties must be compensated for all their losses c. it is important to punish severely those who breach contracts d. proof of breach may be related to other legal issues e. none of the other choices are correct
Receipt of a $500,000 gift by a private college that must be invested, the earning of which are to be used to support a "chaired" professorship in accounting, would be recorded as an increase in net assets with donor restrictions.
Answer the following statement true (T) or false (F)