If one corporation owns all of the shares of another corporation, it is referred to as the target corporation.
Answer the following statement true (T) or false (F)
False
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The petty cash payments record indicates classified expenditures as follows: Automobile Expense, $25; Postage Expense, $10; Donation, $40; Miscellaneous Expense, $6 . The journal entry to replenish petty cash would include a
a. debit to Petty Cash for $81; b. debit to Petty Cash Expenses for $81; c. credit to Petty Cash for $81; d. credit to Cash for $81; e. debit to Drawing for $81
If we have the perception that our power position is ________ than our counterpart’s, we are ________ likely to use power-balancing tactics.
A) Higher; more B) Lower; more C) Lower; less D) None of the above
Arthur is a shareholder of Rowson, Inc He has evidence to suggest that its president/CEO has allowed the corporation to engage in acts that are ultra vires. Based upon this evidence, Arthur contacts an attorney and sues the corporation on behalf of the corporation. The lawsuit Arthur has filed is known as:
a. a direct suit. b. a derivative suit. c. a class action suit. d. an unauthorized suit.
The indentures for publicly traded bonds are approved by:
A. the state government. B. the Securities and Exchange Commission. C. the federal government. D. the Public Company Accounting Oversight Board. E. the local government.