A corporation may properly exist without a name
Indicate whether the statement is true or false
False
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To prove predatory pricing, it must be proved that the destructive company explicitly tried to ruin a competitor and that the predatory price was below the predator's average variable cost.
Answer the following statement true (T) or false (F)
Which of the following factors creates an opportunity for fraud?
a. Greed b. Living beyond one's means c. Lack of an audit trail d. The organization owes it to me
One purpose of a database system is the easy sharing of data. But this ease of sharing can also jeopardize security. Discuss at least three forms of access control designed to reduce this risk
Manhattan Company recorded an adjusting entry to accrue interest owed of $300 as of December 31, Year 1. When the related note was paid during Year 2, the company paid $450 in interest. Which of the following journal entries correctly records this Year 2 transaction? (Assume that the entry to record the payment of the note itself was recorded in a separate journal entry.)
A.
| Interest Expense | 450 | |
| Cash | 450 |
B.
| Interest Expense | 150 | |
| Cash | 150 |
C.
| Interest Expense | 450 | |
| Cash | 300 | |
| Interest Payable | 150 |
D.
| Interest Expense | 150 | |
| Interest Payable | 300 | |
| Cash | 450 |