The officers and other employees of each corporation involved must approve a merger.
Answer the following statement true (T) or false (F)
False
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Longitude Company borrowed on a two-year, 10%, $150,000 note on May 1, with interest and principal to be paid at maturity. How much interest will Longitude report on its income statement for the year ending December 31?
a. $ 10,000 b. $ 15,000 c. $ 30,000 d. $ 5,000
Which strategy would be used if a business is losing money in a given market and decides to pursue a quick market exit?
A) a monetize market strategy B) a disintermediation market strategy C) a harvest market strategy D) a divest market strategy E) an optimize market strategy
Americans are the biggest users of checks in the world but nonetheless are ahead of Europeans in the proportion of noncash payments that are made by electronic means
Indicate whether the statement is true or false
Unless a consumer buys a product directly from the producer:
a. there is no privity between consumer and producer b. there is privity between consumer and producer c. there cannot be a case of battery d. there cannot be a damage award greater than $100,000 e. none of the other choices are correct