Carey decided to incorporate her business under the name yStar Inc Before yStar was incorporated, Carey signed a contract in the name of yStar, Inc to have some office space remodeled. Which statement is correct?
A)?yStar is liable on the contract because the contract was signed in its name.
B)?yStar becomes liable on the contract as soon as it is incorporated.
C)?yStar is liable on the contract if the contractor knows that the corporation does not yet exist.
D)?yStar will be liable on the contract only if the corporation adopts the contract.
D
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When using the direct method, how is the purchase of equipment for cash shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
Identify the risk factor in decision support systems that lead to ethical issues.
A. Errors in personal data B. Lack of sensitivity tests C. ?High processing costs D. ?Real time data processing
Use the following information to answer the question below. The following accounts appear in the ledger of Pepper Corporation on December 31, 20x5 Preferred Stock $60,000 Common Stock 104,000 Additional Paid-in Capital, Preferred 14,000 Additional Paid-in Capital, Common 36,000 Retained Earnings 80,000 A balance sheet prepared on December 31, 20x5 , would report total stockholders' equity of
A) $164,000. B) $178,000. C) $214,000. D) $294,000.
Having a strategic plan in place for a venture enables the entrepreneur to choose a legal form that won't have to be changed or one that can easily be shifted to when the time is right.
Answer the following statement true (T) or false (F)