Terminating a corporation is a three-step process: dissolution, winding up, and termination

a. True
b. False
Indicate whether the statement is true or false


False

Business

You might also like to view...

Which method assigns the cost of the most recent items purchased to cost of goods sold?

a. Specific identification b. Weighted average cost c. FIFO d. LIFO

Business

Words change so quickly these days that we have new instant languages being created on a daily basis

Indicate whether the statement is true or false

Business

Which of the following is the objective of Johnson’s rule?

A. minimize makespan B. maximize makespan C. maximize average flow time D. minimize critical ratio

Business

Brad wrote a check to Clara for $1,000 on his account at First Bank. He then took it to his bank for certification. The bank wrote "certified" on the face of the check. Brad then gave the check to Clara. When Clara took the check to First Bank, they refused to pay, claiming that there was not enough money in Brad's account to cover the check. Which of the following is correct?

a. First Bank is primarily liable on the check, because it has already accepted it. b. Clara has no recourse under the circumstances. c. Brad is secondarily liable on the check, because he is the drawer. d. First Bank must pay the check, but they may charge Brad a fee to do so.

Business