In K.C. Roofing Center v. On Top Roofing, Inc, where K.C. Roofing asked the courts to hold Nugent, the owner of On Top Roofing, a corporation which no longer existed, personally liable for the cost of roofing supplies sold to On Top Roofing while it existed, the appeals court held that:
a. Nugent was personally liable for the debts owed the plaintiffs because he was using corporate status to avoid debts to the plaintiff
b. Nugent was not personally liable for the debts owed the plaintiffs because On Top Roofing was a limited liability company
c. Nugent was not personally liable for the debts owed the plaintiffs because On Top Roofing no longer existed d. Nugent was personally liable for the debts owed the plaintiffs because K.C. Roofing Center was also alimited liability company
e. Nugent was not personally liable for the debts owed the plaintiffs because the evidence did not support the three-part test for piercing the corporate veil
a
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Leroy has taught for over 35 years. His least favorite part of pre-planning for the new school year is attending technology training. It drives him crazy that every year he is told a new way to enter and keep track of his grades. He really gets annoyed with the new faculty members because he feels they are indicating he can’t do his job. Leroy is a(n) ______.
A. innovator B. early adopter C. early majority D. laggard
Discuss the various ways in which the audience experience can be managed in a live online presentation
What will be an ideal response?
The relevant geographical market is always considered state-wide
Indicate whether the statement is true or false
Orlando Company paid $700 cash for production workers' wages. How does this transaction affect the financial statements? Assets=Liabilities+EquityRevenue?Expenses=Net IncomeCash+Work in Process Inventory
A.
| NA | + | 700 | = | 700 | + | NA | NA | ? | NA | = | NA |
B.
| (700) | + | 700 | = | NA | + | NA | NA | ? | NA | = | NA |
C.
| (700) | + | NA | = | (700) | + | NA | NA | ? | NA | = | NA |
D.
| (700) | + | NA | = | NA | + | (700) | NA | ? | 700 | = | (700) |