If treasury stock is resold for more than cost, the difference is debited to the account Paid-In Capital from Treasury Stock Transactions
Indicate whether the statement is true or false
FALSE .If treasury stock is resold for more than cost, the difference is credited to the account Paid-In Capital from Treasury Stock Transactions.
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According to Peter Drucker, the purpose of a business must lie in ________
A) managing power B) increasing control C) maximizing share value D) supporting society
Maile agrees to sell his retail men's shop in Cleveland, Ohio, to Lunger. Lunger wishes to have a restrictive clause against competition by Maile included in the sales contract. Which restrictive clause against the seller would be enforceable?
a. Never to engage in a similar business in Cleveland b. Not to engage in a similar business for the next two years anywhere in the state of Ohio c. Not to engage in any type of business anywhere in Cleveland for the next year d. Not to engage in a men's shop business within a radius of one mile for the next year
A checklist approach allows the entrepreneur to identify _____ factors of a new venture.
a. financial b. business c. personnel d. critical
Tom Comstock was under water in his house, with a mortgage of $320,000 and a property value of $200,000. He walked away from the property. When taxes became due, the mortgage company did not pay them as usual because the mortgage company had gone into bankruptcy. The assessor tried to send a notice to Tom, but he was not at the address. The assessor sold the property at a tax sale. Tom is trying
to set aside the sale because he was not notified. Which of the following is correct? A)?The assessor had to do more than just mail the notice to the property address. B)?The assessor is not required to do more than mail the notice to the property address. C)?The assessor cannot conduct the tax sale until it notifies Tom. D)?None of the above