Dissolution is the term which solely means to liquidate the partnership
a. True
b. False
Indicate whether the statement is true or false
False
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A common stock's par value is always equal to the market value of the stock on the last day of the fiscal year in which the stock is issued.
Answer the following statement true (T) or false (F)
?Services are provided by applying human and mechanical efforts to people or objects to provide intangible benefits to customer.
Answer the following statement true (T) or false (F)
LePage Corporation reported a beginning balance of $2,200 in its Prepaid Insurance account. During the year, a total of $17,000 was recognized as Insurance Expense and the Prepaid Insurance account had an ending balance of $1,800. How much cash did LePage pay for insurance during the year?
A. $17,400 B. $18,800 C. $16,600 D. $17,000
Mulcare Corp. started a compliance program to prevent and detect criminal conduct within the company and had specific, high-level officers in charge of overseeing the program. The company effectively communicated the program to its employees and monitored those employees who were in a position to cheat. It promptly disciplined anyone who broke the law. One effect of having this program is
A. federal investigators would no longer investigate the company since Mulcare could take care of any problems internally. B. federal investigators might be convinced to limit any prosecution to those directly involved rather than attempting to get a conviction against high-ranking officers or against the company itself. C. the Federal Sentencing Guidelines no longer apply. D. any cases would be prosecuted in state, rather than federal, court.