One of the key advantages of the corporate form is the unlimited liability of its owners
Indicate whether the statement is true or false
False
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In the rare instance when a par value stock is issued at a cash price below par, the excess of the par value over the amount of cash received should be
a. credited to a liability account. b. debited to the Retained Earnings account. c. debited to an account titled Discount on Capital Stock. d. credited to the Retained Earnings account.
The primary use of ______ is to explain words and concepts.
Fill in the blank(s) with the appropriate word(s).
Michelle must write a bad-news message to her staff telling them that their hours next month will be reduced. She has just completed Phase 1 of the prewriting process and is beginning Phase 2. What should she do first?
A) Write the rough draft of her message. B) Select an appropriate color of stationery that will be calming to the reader. C) Analyze the bad news to determine how it will affect the reader. D) Gather information and brainstorm ways to present the reasons for the bad news.
Angelina owned a lot near a lake. Although she never had permission from the owner of the adjoining land, each weekend when she camped on her lot she crossed his land to take her boat to the boat ramp at the lake. If Angelina continued this use of her neighbor's land for the number of years required by local statute, she would have
a. created a "profit.". b. an easement by prescription. c. a grant easement. d. a license to use her neighbor's land.