What is the customary way for the writer to sign a memorandum?
a. A handwritten signature below the message
b. Handwritten initials to the right of the sender's name in the heading
c. Typed name at the end of the document
d. No signing necessary
B
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In standard costing,
a. the standards are developed only for overhead costs. b. the standards are developed primarily from past costs. c. comparisons with actual costs usually are not performed. d. debit and credit entries to inventory accounts are made at standard costs.
What is a patent number?
A) a number assigned to a patent during application B) a number assigned to a patent when the patent is pending C) a number assigned to a patent once the patent is granted D) a number assigned to a patent when it comes under investigation
What ethical obligations come with belonging to a team?
John's brother, Phil, loaned him $10,000 to start his business. John didn't do too well and planned to file for bankruptcy. In May, he gave Phil his car worth $8,000 to satisfy the debt. John filed his petition in November. After liquidation, if the car were included in his assets, every unsecured debtor would have received 85% of the debt owing to him. Will this be a voidable preference?
a. Yes, since Phil is an insider. b. No, because the transfer was made more than 90 days prior to filing. c. Yes, because the transfer was made within the prior year. d. No, because Phil did not receive preferential treatment over other creditors.