The general fund of Park City acquired computer equipment at a cost of $50,000 on May 18, 20X9. To record acquisition of this equipment, the general fund of Park City should debit:
A. vouchers payable.
B. equipment.
C. expenditures.
D. encumbrances.
Answer: C
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Mallard Corporation is incorporated in Iowa and does business in Ohio. This corporation is:
A) A domestic corporation as to Ohio and a foreign corporation as to Iowa. B) A domestic corporation as to Iowa and a foreign corporation as to Ohio. C) A domestic corporation as to Iowa and an alien corporation as to Ohio. D) A foreign corporation as to both Iowa and Ohio. E) A domestic corporation as to both Iowa and Ohio.
What does the Oil Spill Liability Trust Fund require?
A)?That oil companies pay a 5-cent per barrel tax for clean-ups when there are situations in which parties are financially unable to clean up their spills B)?That each oil company establish a trust fund in perpetuity that must be kept for purposes of clean-up should the company have an oil spill C)?That Congress establish a trust fund for victims of oil spills, including the fishermen affected by the spill D)?That a trust fund be established in perpetuity for the protection of the Alaskan coast
Behavioral patterns address the communication and the assignment of responsibilities among objects
Indicate whether the statement is true or false
The concept of “corporate personhood” in the United States recognizes that
. corporations are primarily made up of groups of persons. b. physical resources of corporations (buildings, machines, etc.) are secondary to human resources. c. humans have a natural tendency to anthropomorphize inanimate objects such as buildings. d. a corporation is a fictitious legal person that is endowed with many of the rights and responsibilities of a human being.