When a business that is incorporated in one state does business in other states, it is called a(n) _____ in the state where it is incorporated.
A. statutory corporation
B. overseas corporation
C. domestic corporation
D. alien corporation
Answer: C
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[APPENDIX] Debbie and Alex formed a new partnership. The partnership agreement specified that income should be allocated in a 2-to-1 ratio, with Debbie receiving the larger portion. If revenue for the first year was $90,000 and expenses were $60,000, how much would be allocated to each partner?
a. Debbie—$45,000? Alex—$45,000 b. Debbie—$20,000? Alex—$10,000 c. Debbie—$60,000? Alex—$30,000 d. Debbie—$40,000? Alex—$20,000
Assume that you have decided to use a niche strategy to advance your marketing goals. Characterize an attractive niche
What will be an ideal response?
The Adjusted Trial Balance columns of the work sheet are prepared by combining the Trial Balance and Adjustments columns of the work sheet
Indicate whether the statement is true or false
A stock dividend indicates
a. a permanent commitment of assets generated by reinvested earnings. b. an increase to total owners' equity. c. an attempt to shift the control of the company by diluting ownership. d. a transfer of corporate assets to shareholders without using cash. e. a temporary commitment of assets generated by reinvested earnings.