Directors will be jointly liable for any contracts made on behalf of the company
Indicate whether the statement is true or false
FALSE
You might also like to view...
A company is evaluating an investment. The company uses the straight-line method of depreciation. Use the following information to compute the accounting rate of return. Show your calculations and round to one decimal place.
The entry to record a sale on account of $1,500 plus tax of $75 would be:
a. debit accounts receivable $1,575, credit sales $1,500, credit sales tax payable $75. b. debit accounts receivable $1,575, credit sales $1,575. c. debit cash $1,575, credit accounts receivable $1,500, credit sales tax payable $75. d. debit cash $1,500, credit sales $1,500.
The term IPO stands for "individual purchase order," as when an individual (as opposed to an institution) places an order to buy a stock.
Answer the following statement true (T) or false (F)
Managers within a line structure are typically known as staff managers.
Answer the following statement true (T) or false (F)