Which of the following does NOT provide a donor with lifetime income?
a. bequest
b. charitable gift annuity
c. lead trust
d. a and b
e. a and c
e. a and c
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On November 1, Greenfield Corporation borrowed $55,000 from a bank and signed a 12%, 90-day note payable in the amount of $55,000 . If you assume 360 days in year, the November 30 adjusting entry will be:
a. Debit Interest Expense $550 and credit Cash $550. b. Debit Discount on Notes Payable $1,100 and credit Interest Payable $1,100. c. Debit Interest Expense $550 and credit Interest Payable $550. d. Debit Interest Expense $550 and credit Notes Payable $550.
According to priority, which of the following claimants is the last to be paid after assets have been liquidated of a corporation?
A) creditors B) common stockholders C) preferred shareholders D) bond holders
Companies that are delisted cease to trade
Indicate whether the statement is true or false.
If you are a victim of identity theft, you may be turned down for employment as a result of incorrect background information
Indicate whether the statement is true or false.