A large business must provide notice before closing a plant that employs a certain number of workers.
Answer the following statement true (T) or false (F)
True
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Exhibit 15-1 Hanson Co issued 10,000 shares of its $5 par common stock for $15 a share. In addition, it incurred legal and accounting fees, stock certificate costs, and other related expenses totaling $18,500. ? Refer to Exhibit 15-1. Assume the sale occurred after the initial issuance at incorporation. The entry to record the sale and related expenses would include a
A) credit to Additional Paid-in Capital on Common Stock for $81,500. B) credit to Organization Expense for $18,500. C) credit to Common Stock for $150,000. D) debit to Cash for $150,000.
Describe the whole-channel concept of international marketing
What will be an ideal response?
The purchasing agent is responsible for developing the direct materials quantity standard
Indicate whether the statement is true or false
Gary decided to borrow from Jones Bank since it promised that his loan interest rate would be systematically reduced every year when the board met. The loan rate was never reduced, but actually increased monthly. Gary refused to pay the interest demanded and sued for rescission of the contract. The bank attempted to collect from Lewis, a surety under the loan. Does Lewis have to pay?
a. Yes, because there is no defense. b. No, because a fraud perpetrated upon Gary will be a defense. c. Yes, since the surety obligation is separate from the underlying contract. d. No, because the surety stands in the shoes of the debtor for all purposes.