A promoter is personally liable on any contract he or she signs before the corporation is formed.
Answer the following statement true (T) or false (F)
True
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Which one of the following items is not included in cash?
a. A bank certificate of deposit for one year b. A savings account at the bank c. A checking account at the bank d. All of the above are included in cash
Milo files a suit against Otis. At the trial, each party’s attorney presents the party’s case before a judge who hears the dispute and renders a legally binding decision. This is
a. a mini-trial. b. a summary jury trial. c. litigation. d. not a legitimate form of dispute resolution.
The ability of union members to influence the decisions of their union leaders is known as the:
A. Behavioral dimension of union democracy. B. Procedural dimension of union democracy. C. Substantive dimension of union democracy. D. Elective dimension of union democracy.
Use the following company information to prepare a schedule of significant noncash investing and financing activities:(a) Sold a building with a book value of $300,000 for $225,000 cash and sold land with a book value of $40,000 for $65,000 cash.(b) Issued 15,000 shares of $10 par value common stock in exchange for equipment with a market value of $175,000.(c) Retired a $100,000, 8% bond by issuing another $100,000, 7% bond issue.(d) Acquired land by issuing a twenty-year, 5%, $73,000 note payable.
What will be an ideal response?