The payment of cash dividends never changes the balance of retained earnings.
Answer the following statement true (T) or false (F)
False
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When writing for a claim or adjustment, what should be included in the closing paragraph?
A) Specific explanation of reason for the claim B) An offering of supporting documentation such as receipts C) A request for specific action D) A statement of the problem E) The remedy being sought
The Critical Legal Studies School proposes that legal rules are unnecessary and are used as an obstacle by the powerful to maintain the status quo
Indicate whether the statement is true or false
Which of these is NOT true with regards to the duties of the owner of a trade secret?
A. The owner is obliged to take all reasonable precautions to prevent the secret from being discovered by others. B. The owner will not be protected by state unfair competition laws if he or she fails to take all reasonable precautions to protect the secret. C. Reasonable precautions may include fencing in buildings, placing locks on doors, and hiring security guards. D. The owner of a trade secret has an absolute right to the secret and, as such, need not do anything to prevent the secret from being discovered by others.
Darrel, Smith, Keith, and Aaron are claimants to a collateral interest. Smith and Darrel secure their interests. Aaron takes physical possession of the collateral. Keith files a financing statement some time later
Who among the four will have highest priority of claim to the collateral? A) Darrel B) Smith C) Keith D) Aaron