Answer the following statement(s) true (T) or false (F)
1. Trademarks, patents, and copyrights are three forms of intangible personal property that provide legal protection for business firms but not individuals.
2. Chapter 11 bankruptcy allows an individual to establish a plan for repaying debts.
3. Negotiable instruments must be in writing and signed by the maker or the drawer.
4. A restrictive endorsement states what the instrument is to be used for.
5. A special endorsement uses the words without recourse and the person’s signature to signify that the person who signed the instrument, not the endorser, is responsible for payment.
1. FALSE
2. FALSE
3. TRUE
4. TRUE
5. FALSE
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Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is true?
a. The operating lease method treats leases as executory contracts. b. The operating lease method recognizes a leased asset on the lessee's statement of cash flows. c. The operating lease method recognizes a lease liability on the lessee's balance sheet. d. Under the operating lease method, the lessor does not recognize rent revenue as the lessee uses the leased asset over time. e. Under the operating lease method, the lessee does not recognize rent expense as the lessee uses the leased asset over time.
Pedro, a recruiter at TruTech, is looking for a way to electronically post job openings, screen and contact applicants, and even track the sources of applicants. Pedro wants to use an application tracking system (ATS).
Answer the following statement true (T) or false (F)
A spouse cannot have an unregistered interest in land
Indicate whether the statement is true or false
Process owners are empowered employees that have the authority and responsibility for improving the organization's business processes
Indicate whether the statement is true or false.