The ________ own(s) a corporation.
A. shareholders
B. board of directors
C. CEO
D. corporate officers
Answer: A
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Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform Supply intends to continue collection efforts, what entry should Uniform Supply make on January 15 of the next year? (Assume no reversing entries are made.) (Use 360 days a year.)
A. Debit Cash $4,920; credit Notes Receivable $4,920. B. Debit Cash $4,920; credit Interest Revenue $100; credit Interest Receivable $20, credit Notes Receivable $4,800. C. Debit Notes Receivable $4,800; debit Interest Receivable $120; credit Sales $4,920. D. Debit Accounts Receivable $4,920; credit Interest Revenue $20; credit Interest Receivable $100, credit Notes Receivable $4,800. E. Debit Cash $4,920; credit Interest Revenue $20; credit Interest Receivable $100, credit Notes Receivable $4,800.
Which of the following financial incentives or rewards are manager determined?
a. pooled tips b. longevity Pay c. Group incentive plan d. Gratuities
What four areas are covered by the Standards of Ethical Conduct for Certified Management Accountants? How are these areas defined?
Which of the following is/are not examples of a period expense?
a. the president's salary b. accounting and information systems costs c. accounting and information systems costs d. support activity costs such as legal services, employee training, and corporate planning. e. the factory foreman's salary