Finn and Glenda want to form and do business as Hobby Crafts Corporation. A corporation is a legal entity created and recognized by
A. a central federal administrative agency.
B. a city or county clerk's office.
C. an artificial legal person.
D. state law.
Answer: D
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The general journal has all journal entry transactions listed by account title
Indicate whether the statement is true or false
Which of the following transactions does not result in an increase in expenses?
A) Payment of accounts payable. B) Usage of utilities. C) Allocation of the cost of a building. D) Expiration of prepaid insurance.
As a project's duration is reduced, indirect costs are ________.
Fill in the blank(s) with the appropriate word(s).
The operating lease method classifies all of the lease payment each period as _____
a. an investment use of cash on the statement of cash flows. b. an operating use of cash on the statement of cash flows. c. a financing use of cash on the statement of cash flows. d. a cash expenditure. e. none of the above