An entity should derecognize (remove from the balance sheet) an asset that it no longer controls

Indicate whether the statement is true or false


T

Business

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Generally, the secretary of state may commence an administrative proceeding to dissolve a corporation when the corporation:

a. does not pay franchise taxes or penalties immediately when due. b. does not deliver its annual report within ten days after it is due. c. is without a registered agent in the state for more than 60 days. d. All of these.

Business

Which of the following is/are excluded from UCC Article 4A coverage?

A) Credit transactions B) A transfer of credit that moves from an originator to a beneficiary through the banking system C) A funds transfer that is, even partially, governed by the EFTA D) Transfers between commercial parties.

Business

More companies buy advertising ________ than in any other medium.

A. on network television B. in newspapers C. on cable television D. on radio E. in magazines

Business

What is the number one reason that IT projects fall behind schedule or fail?

A. Change in business goals during the project. B. Lack of support from business management. C. Poor planning or poor project management. D. Change in technology during the project.

Business