With regard to the form requirements for bills of exchange, the ULB is similar to the common law in that both require the instrument to ________
A. state the place where the instrument was drawn
B. state the place where payable
C. contain the term "Bill of Exchange"
D. be in writing
D
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Current liabilities are defined as those liabilities which will be satisfied
a. by the end of the operating cycle. b. within one year. c. within one year or within the operating cycle, whichever is longer. d. within one year or within the operating cycle, whichever is shorter.
Wally, Inc issued 500 shares of $10 par preferred stock at $83 a share. Each share had a warrant attached that allowed the holder to purchase one share of $5 par common stock for $15. Soon after the preferred stock was issued, the preferred stock was selling ex-rights for $64 a share, and the warrants were selling for $16 each. The entry to record the issuance of the preferred stock would include
a A) debit to Retained Earnings for $8,300. B) credit to Additional Paid-in Capital on Preferred Stock for $28,200. C) debit to Common Stock Warrants for $8,300. D) credit to Additional Paid-in Capital on Common Stock for $8,300.
What do you understand by the term market partitioning?
What will be an ideal response?
What are the three branches of the federal government and what are the prime responsibilities of each?
What will be an ideal response?