In a cooperative, an owner owns shares in a corporation that owns the entire building
Indicate whether the statement is true or false
TRUE
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Venture philanthropy funding:
a. combines financial assistance with a high level of engagement by the funder b. offers financial assistance with no engagement by the funder c. allows enterprising nonprofits to sell products or services to generate revenue d. offers high level of engagement from consultants with no financial support
An obligee who transfers a right is known as a(n) ________.
A. third-party contractor B. subassignee C. incidental beneficiary D. assignor
Accruex Corporation invests excess cash of $25,000 in corporate bonds on March 30, 2017
The bonds will mature in two years from the date of purchase. When the bonds mature in 2019, Accruex plans to use the cash for its business expansion. Which of the following is included in the journal entry on March 30, 2017? A) a debit to Long-term Investments-Held-to-Maturity for $25,000 B) a debit to Short-term Investments-U.S. Treasury Notes for $25,000 C) a debit to Long-term Investments-Available-for-Sale for $25,000 D) a credit to Long-term Investments-Available-for-Sale for $25,000
The "Repo Man" recently repossessed your car for failure to make payments. You still owed $5,000 on the loan, but since it was always broken,
you were glad to get rid of it anyway. The bank sold the car at a wholesale auction for $3,000. The bank also paid the "Repo Man" $200 and paid attorney fees of $300. Based on the deficiency payments clause in your loan, what are you liable for? A) $0; repossession means the bank must "eliminate" the debt B) $500 C) $2,000 D) $2,500 E) None of the above