When dissolution takes place by voluntary action, the members of the board of directors are responsible for winding up the affairs of the corporation
Indicate whether the statement is true or false
True
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If technology changes rapidly, a firm should
a. expense plant asset immediately because of the uncertainty of future benefits. b. depreciate plant assets over long periods of time. c. consider an accelerated rate of depreciation. d. use the straight-line method of depreciation as it is the easiest.
Price-setting logic must be modified when the product is part of a product mix
Indicate whether the statement is true or false
The data processing method that can shorten the cash cycle is
a. batch, sequential file processing b. batch, direct access file processing c. real-time file processing d. none of the above
On October 1, 2013, Taurus Corporation lent $50,000 to Tia Ltd. and received a 5%, 6–month note. What is the maturity date of the note?
a. October 31, 2014 b. October 31, 2013 c. March 1, 2013 d. March 31, 2014