Answer the following statement(s) true (T) or false (F)
1. Articles of dissolution are filed with the secretary of state to dissolve a corporation.
2. The dissolution of a corporation that has not issued stock may be approved by the incorporators or by the board of directors, if one was named in the articles of incorporation.
3. Depending on the provisions of the pertinent state statutes, corporations may be liquidated either before or after the articles of dissolution are filed.
4. Corporations that give notice of dissolution to creditors are afforded the same protection from future claims as the dissolving corporation that does not give notice.
5. The shareholders of a dissolved corporation have no responsibility for any claims left unpaid by the corporation when it is dissolved.
1. TRUE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
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During April, Department A started 400,000 units of product in a particular production process. The beginning work in process inventory was 40,000 units, and the ending inventory was 50,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO
costing method. The number of units started and completed in Department A during April was A) 450,000. B) 350,000. C) 360,000. D) 160,000.
People who seem to handle stress best are those who:
A) Work multiple jobs B) Have a lot of responsibilities C) Have interests outside of work D) Have only a few close friends
Global income includes income from all sources
Indicate whether the statement is true or false.
Sales and operations planning deal with ______ decision-making.
a. strategic b. tactical c. operational d. weekly