The Commission of the European Union is headed by the College of Commissioners and consists of twenty members

Indicate whether the statement is true or false


False

Business

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In 2008, Morena Manufacturing issued $180,000 of 20-year bonds at face value. Ten years later, in 2018, the company retired the bonds early by purchasing them in the open market at $181,800. The entry to record this transaction includes a:

A. credit to Cash of $180,000. B. credit to Gain on Bond Retirement of $1,800. C. debit to Loss on Bond Retirement of $1,800. D. debit to Bonds Payable of $181,800.

Business

Jack and Jill, citizens of Vermont, are involved in a case related to the adoption of their child. The Vermont state courts

a. have concurrent jurisdiction with federal courts over this case. b. have original jurisdiction over this case. c. have exclusive jurisdiction over this case. d. do not have jurisdiction for over case.

Business

Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2?

A. $1,200 Credit. B. $1,200 Debit. C. $2,600 Credit. D. $5,050 Debit. E. $100 Credit.

Business

Any property, money, or other benefit received by the agent in the course of an agency belongs to the principal.

Answer the following statement true (T) or false (F)

Business