MegaCorp is incorporated under Delaware law. It is registered to do business in New York. Legally, in New York MegaCorp is known as what kind of corporation?

a. Domestic
b. Foreign
c. Secondary
d. Cumulative


b

Business

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Franklin Corporation issues $50,000, 10%, 5-year bonds on January 1, for $52,100 . Interest is paid semiannually onJanuary 1 and July 1 . If Franklin uses the straight-line method of amortization of bond premium, the amount of bondinterest expense to be recognized on July 1 is

a. $10,290 b. $2,710 c. $2,500 d. $2,290

Business

When workers perceive they are being treated fairly on the job, they are most likely to   

A. pass up promotional opportunities. B. show improved safety practices. C. be a whistleblower. D. support organizational change. E. seek additional education.

Business

The United States Supreme Court:

A. decides only a small percentage of the cases appealed to it. B. decides all of the cases appealed to it. C. decides a majority of the cases appealed to it. D. defers to the decision of the court of appeals in the event of a concurring opinion.

Business

What is required to prove fraud, as opposed to negligence?

a. Gross error b. Intent c. Preponderance of the evidence d. Confession from the perpetrator

Business