Which of the following is the basic form of compensation?
A) salary plus commission
B) spiff
C) bonus
D) benefits
A
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Grayson Bank agrees to lend the Trust Company $100,000 on January 1. Trust Company signs a $100,000, 9%, 9-month note. What is the adjusting entry required if Trust Company prepares financial statements on June 30?
A) Interest Expense 9,000Interest Payable 9,000 B) Interest Expense 4,500Interest Payable 4,500 C) Interest Expense 6,750Interest Payable 6,750 D) Interest Payable 4,500Interest Expense 4,500
Under the Anticybersquatting Consumer Protection Act, which of the following is true?
A) Penalties are imposed for obtaining any domain name that infringes on a valid trademark. B) Domain names are granted only after ensuring that they do not infringe on a valid existing trademark. C) A plaintiff must show that the defendant acted in bad faith in order to recover. D) Prior approval by the affected celebrity is needed to obtain a domain name that is similar to a celebrity's name. E) Both C and D are true.
Decentralization refers to companies that have multiple locations.
Answer the following statement true (T) or false (F)
Agreements enforceable without consideration are generally based on principles of ____________________ rather than on principles of law
Fill in the blank(s) with correct word