The document by which a shareholder grants another person the right to vote the shareholder's
shares at a shareholders' meeting is called a:
A) Election agency. B) Proxy.
C) Power of attorney. D) Voting trust.
B
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On January 1, 2019, a company acquired a truck for $100,000. Residual value was estimated to be $20,000. The truck can be driven for 50,000 miles over the next three years. Actual usage of the truck was recorded as 8,640 miles for the first year. Give the journal entry to record depreciation for the first year calculated as per the units-of-production method. (Do not round your intermediate calculations.)
What will be an ideal response?
In which of the following situations should the indirect pattern of organization be used for a business report?
A) When readers are familiar with the topic B) When readers must be educated about the topic C) When readers are supportive of the topic D) The indirect method should be used in all these cases.
Tax-exempt, nonprofit corporations ________.
A. cannot make a profit B. do not have legal liability C. are set up with a specific mission to improve society D. pay dividends more often than for-profit corporations
FasTite Tool Company employs workers, including Gina, at six locations in two states. FasTite's discharge of Gina outside the terms of an implied employment contract may result in? A) FasTite's liability for breach of contract
B) Gina's ineligibility for unemployment compensation. C) the two states' joint assumption of control over FasTite's operations. D) none of the choices.