________ are powers beyond express powers that allow a corporation to accomplish its corporate purpose
A) Cumulative powers
B) Corporation codes
C) Ultra vires acts
D) Implied powers
D
You might also like to view...
Which of the following is an example of a change in accounting principle that is accounted for retrospectively?
A) an Accounting Standards Update has been issued and a former principle is no longer generally accepted B) ?initial adoption of a generally accepted accounting principle because of events or transactionsoccurring for the first time C) change to a generally accepted accounting principle from a principle that is not generally accepted D) modification of an accounting principle for transactions or events that are clearly different in substance from those previously occurring
Energy consumption by fuel type reveals that fuel use has been dominated since 2010 by:
A. solar and wind power. B. nonrenewable energy sources. C. renewable energy sources. D. nuclear energy and coal.
Blue Ridge Township uses the consumption method of accounting for its inventory of supplies. On the December 31, 20X7 balance sheet for the general fund, the township reported $10,000 of supplies inventory. During 20X8, expenditures for supplies amounted to $40,000, and, at December 31, 20X8, unused supplies totaled $7,000. In the adjusting entry for supplies at December 31, 20X8,
A. Expenditures should be credited for $3,000. B. Fund Balance-Nonspendable should be credited for $7,000. C. Fund Balance-Nonspendable should be debited for $7,000. D. Expenditures should be debited for $3,000.
Which of the following describes international business?
A. Firms collaborating with domestic entrants B. Firms selling their businesses completely to foreign companies C. Firms engaging in business abroad D. Firms belonging to and doing business in emerging economies