Lois takes her paycheck to Third National Bank for deposit at 6 p.m. on Wednesday. Third National Bank has until when to forward the check?
A) Midnight Thursday
B) Midnight Friday
C) Close of business Friday
D) Close of business Thursday
B
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Answer the following statements true (T) or false (F)
The APB was the first to successfully derive an underlying framework of postulates and principles.
In some cases, particularly when the reissue of treasury stock results from the exercise of employee stock options, the amount paid by the firm to reacquire the treasury shares exceeds the subsequent reissue price. If the firm applied the constructive retirement method, it is unlikely that the reissue price would be so low as to require a debit to _____
a. Additional Paid-In Capital account so long as that account has a sufficiently large credit balance. To the extent the required debit exceeds the credit balance in the Additional Paid-In Capital account, the firm reduces that account to zero and debits the excess to Retained Earnings. b. Additional Paid-In Capital. c. Retained Earnings. d. Net Income. e. Accumulated Other Comprehensive Income.
Which of the following is NOT a relevant consideration in a court's decision to void a
contract made with a mentally incompetent person? A) That the impairment was so serious so that the person did not understand the nature and consequences of his actions. B) That the contract is not one for necessities C) That the other party knew of the impairment at the time the contract was made D) That the agreement was cancelled within a reasonable time by the drunk or mentally incompetent person. E) That the price paid under the contract was high
Explore the history and development of the YMCA. Was it able to effect change without first being in crisis? If the latter, was internally constructed or externally imposed?
What will be an ideal response?