John contributed $6,000 to the business by opening a bank account in the name of the business, United Internists. The corporation issued common stock to John. This transaction results in an increase in the assets of the business
Indicate whether the statement is true or false
TRUE
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Short-term creditors are usually most interested in assessing:
A. Solvency. B. Liquidity. C. Profitability. D. Managerial effectiveness.
Which of the following is NOT true of United States trustees:
a. are government officials appointed by the U.S. Attorney General. b. have administrative responsibilities in bankruptcy cases in almost all of the districts. c. select bankruptcy trustees. d. are the same as bankruptcy trustees.
Minority shareholders have a greater chance of electing a member to the board of directors if the
company uses A) proxy voting. B) cumulative voting. C) majority voting. D) minority voting.
The cost to business of substance abuse, in lower productivity and higher medical insurance costs, is estimated to be about:
a. $1 billion per year b. $1 trillion per year c. $100 million per year d. $250 billion per year e. $10 million per year