In a consolidation, two or more corporations combine so that each corporation continues to exist.

Answer the following statement true (T) or false (F)


False

Business

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Port, Inc paid a cash dividend on January 2 that had been declared prior to the end of its fiscal year. The entry to pay the dividend will

a. increase Cash and increase Cash Dividend Payable. b. decrease Cash Dividend Payable and decrease Cash. c. decrease Retained Earnings and increase Cash Dividend Payable. d. decrease Cash Dividend Payable and increase Retained Earnings.

Business

Kyrgyzstan is a small, poor, mountainous country with a predominantly agricultural economy. Cotton, wool, and meat are the main agricultural products and exports. Fifty-one percent of the population lives in poverty

Kyrgyzstan is an example of a(n) ________. A) BRIC country B) subsistence economy C) industrializing country D) raw materials exporting economy E) post-industrial economy

Business

A(n) ______________________________ system is a computer-based system that captures, stores, and reports time.

Fill in the blank(s) with the appropriate word(s).

Business

The executive summary is the initial introduction to the business plan

Indicate whether the statement is true or false

Business