From which of the following agencies does a national bank obtain its charter?
A. The Federal Deposit Insurance corporation
B. The Federal Reserve
C. The Office of the Comptroller of the Currency
D. National Credit Union Administration
Answer: C
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Blanton Corporation purchased 15% of the outstanding shares of common stock of Worton Corporation as a long-term investment. Subsequently, Worton Corporation reported net income and declared and paid cash dividends. What journal entry would Blanton Corporation use to record the dividends it receives?
a. debit Investment in Worton Corporation; credit Cash b. debit Cash; credit Dividend Revenue c. debit Investment in Worton Corporation; credit Income of Worton Corporation d. debit Cash; credit Investment in Worton Corporation
One of the public-policy reasons for the adverse possession doctrine is ensuring that real property remains in the stream of commerce
a. True b. False Indicate whether the statement is true or false
Private warehouses (compared to public warehouses) are most appropriate when a firm has a regular need to store a large quantity of goods.
Answer the following statement true (T) or false (F)
The law gives which of the following person(s) an absolute privilege to say anything (including false defamatory statements) about other persons without liability for damages?
a. any close personal friend who advises another about the character of a prospective suitor b. any state or federal legislator who makes the statement during legislative proceedings c. any doctor in discussing patients with other doctors d. any lawyer in discussing clients with other lawyers