Under the Revised Act, the filing of the articles of incorporation by the secretary of state is conclusive proof that the incorporators have satisfied all conditions precedent to incorporation so that a shareholder or creditor would be unable to challenge the existence of the corporation
a. True
b. False
Indicate whether the statement is true or false
True
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Marcos Inc had net income for 2016 of $40,000 . It declared and paid a $3,500 cash dividend in 2016 . If the company's retained earnings for the end of the year were $38,200, what was the company's retained earnings balance at the beginning of 2016?
a. $81,700 b. $74,700 c. $5,300 d. $1,700
If the landlord has rent _________, then the tenant has rent _________
a. revenue; revenue b. revenue; expense c. expense; revenue d. expense; expense
For sensitive communication like bad-news messages, evaluation is particularly important because communication can have significant negative business results
Indicate whether the statement is true or false.
Issued stock that is repurchased by the corporation but not retired is ____________________
Fill in the blank(s) with correct word