_____ are writings drawn in a special form that can be transferred from person to person as a substitute for money or as an instrument of credit.?
A) Non-industrial papers
B) Commercial paper
C) Estate papers
D) Non-negotiable instruments
B
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When a company receives a claim and decides to respond favorably, the response message is called an acceptance
Indicate whether the statement is true or false
Which of the following is true about the crime of bribery?
A) Only the person who offers the bribe can be convicted, but that person is guilty whether or not the bribe is accepted. B) Only the person who receives the bribe can be convicted. C) A party who even considers accepting a bribe can be convicted, as well as the person offering the bribe, whether or not it is accepted. D) Only the person who gives a bribe and is successful at having it accepted can be convicted. E) A party who actually accepts a bribe can be convicted, as well as the person offering the bribe, whether or not it is accepted.
An independent contractor may not act in the capacity of an agent.
Answer the following statement true (T) or false (F)
A company issued 60 shares of $100 par value common stock for $7,000 cash. The journal entry to record the issuance is:
A. Debit Cash $7,000; credit Paid-in Capital in Excess of Par Value, Common Stock $6,000, credit Common Stock $1,000. B. Debit Cash $7,000; credit Common Stock $6,000; credit Paid-in Capital in Excess of Par Value, Common Stock $1,000. C. Debit Cash $7,000; credit Common Stock $7,000. D. Debit Common Stock $6,000, debit Investment in Common Stock $1,000; credit Cash $7,000. E. Debit Investment in Common Stock $7,000; credit Cash $7,000.