Seven college friends decide to incorporate their business. The business'sfinancial position steadily deteriorates and it soon becomes unable to pay its debts. Intotal, the company owes its creditors $500,000 but has assets of only $10,000
Who or what can the creditors successfully recover against?
A) The shareholders of the company
B) the directors of the company.
C) both the company and its owners
D) the corporation
E) the managers of the company
D
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When expenses exceed revenues, a net income occurs
Indicate whether the statement is true or false
Use the following information to answer the question below. On January 1, 20x5, Falcon Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $17 per share. On February 1, 20x5, Falcon purchased 3,100 shares of treasury stock for $19 per share and later sold the treasury shares for $26 per share on March 2, 20x5
What amount of gain due to these treasury stock transactions should be reported on the income statement for the year ended December 31, 20x5 ? A) $0 B) $21,700 C) $3,100 D) $2,170
Of the skills required for global leaders, there is
A. a broad array of competencies. B. wide consensus on what is needed. C. a solid understanding that rests on domestic leadership theory. D. limited understanding of the global leader's activities. E. no understanding of what is needed.
Adopting lean practices can?
a. Result in reduced waste b. Result in increased waste c. Result in neither reduced nor increased waste d. Lean practices are unrelated to waste