When a corporation is dissolved voluntarily, the corporation must notify its creditors of the dissolution.
Answer the following statement true (T) or false (F)
True
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Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss. Zach Company's entry would include a
a. credit to cash for $9,000 b. debit to the investment account for $9,000 c. credit to the investment account for $9,000 d. credit to a loss account for $9,000
A ______ has positive expectations and fosters positive change in us.
Fill in the blank(s) with the appropriate word(s).
Because Maya knows that the most important part of an e-mail message is the subject line, she ________
A) avoids verbs in subject lines B) uses ALL CAPS in subject lines to grab the attention of the reader C) uses one-word subject lines to make her messages more concise D) adjusts the subject line if the topic changes after repeated replies
A company purchased 400 units for $20 each on January 31. It purchased 200 units for $30 each on February 28. It sold a total of 270 units for $90 each from March 1 through December 31 If the company uses the last-in, first-out inventory costing method, calculate the amount of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.)
A) $9,900 B) $23,100 C) $6,600 D) $330