A shareholder has: ______
A) an absolute right to dividends.
B) a right to dividends when declared.
C) a right to insist that dividends be declared.
D) to share equally all dividends with fellow shareholders.
B
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Review the transactions below and identify with an "X" those that would be posted as a credit in the ledger (The first one has been done for you):__X_1. Salary Payable was increased.____ 2. Cash was decreased____ 3. Equipment was increased____ 4. Common Stock was increased____ 5. Salaries Expense was increased____ 6. Accounts Receivable was decreased____ 7. Unearned Revenue was increased____ 8. Dividends was increased____ 9. Supplies was increased____ 10. Building was increased____ 11. Utilities Expense was increased____ 12. Service Revenue was increased
What will be an ideal response?
In the above scenario, to avoid legal nuisance, Frasier decides to compromise with James. He asks James to fix a tap in the barn for $250, and modify the current contract to include the tap in the barn
James agrees to this, and does as asked while Frasier remakes the contract. Which of the following would this kind of settlement be referred to as? A) duress B) past consideration C) accord D) mirror image rule acceptance
Local laws that cities and towns adopt to regulate land use within their boundaries are called:
A) rules. B) zoning ordinances. C) statutes. D) tenancy rules.
Millet Grains Cooperative and Corn Cereals, Inc, discuss the terms of a contract for periodic deliveries of corn. Millet Grains then faxes Corn Cereals a memo on Millet Grains's letterhead that summarizes the points on which they agreed, including a two-year term. Millet Grains begins to perform, and Corn Cereals accepts the deliveries but refuses to pay. ?Refer to Fact Pattern 15-1.The
transaction between Millet Grains and Corn Cereals falls within the provision of the Statute of Frauds involving A) collateral promises. B) the one-year rule. C) parol evidence. D) integrated contracts.