Bankruptcy laws come solely from state statutes and case law.
Answer the following statement true (T) or false (F)
False
Laws governing bankruptcy are primarily federal.
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Compound entries are entries containing
a. only one debit and one credit; b. cash; c. more than one debit and/or more than one credit; d. a revenue account and an expense account; e. an entry posted to a ledger.
Which type of listening is best when you need to form an opinion or make an important decision?
a. comprehensive listening b. empathic listening c. argumentative listening d. critical listening
On November 1, 2018, Uno, Inc. declared a dividend of $4.50 per share. Uno, Inc. has 23,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend?
A) Debit Dividends Payable—Common $103,500, and credit Retained Earnings $103,500. B) Debit Cash Dividends $103,500, and credit Cash $103,500. C) Debit Cash Dividends $103,500, and credit Dividends Payable—Common $103,500. D) Debit Cash $103,500, and credit Dividends Payable—Common $103,500.
The motion for judgment on the pleadings alleges that if the defendant does not file an answer to the plaintiff's complaint, the defendant's liability is established
Indicate whether the statement is true or false