Which of the following will be acceptable as a witness to a will?
a. The testator's spouse.
b. The administrator of the estate.
c. The beneficiary of a testamentary trust.
d. The spouse of a beneficiary.
b
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A firm that is expanding to international markets often adds additional brands to current brands in order to strengthen an international presence, reflecting which strategy?
A) brand extension B) private brand C) flanker brand D) complementary brand
Under the revised Model Business Corporation Act, ________.
A. the filing of the articles of incorporation, evidenced by the return of the copy stamped by secretary of state, is conclusive proof of incorporation B. managers will be released from any liability in excess of their initial investment C. the issuance of the certificate of incorporation is conclusive proof of incorporation to the corporate status, except a quo warranto action brought by the secretary of state D. liability will never be imposed on promoters who participated in management and policy decisions
Edy's is a high quality brand of ice cream. Edy's introduced Godiva ice cream and Starbucks ice cream to tempt ice cream lovers to eat even more ice cream. Edy's used a ________ strategy
A) market development B) product penetration C) market penetration D) diversification E) product development
Knollwood Corporation issued $286,000 of 30-year, 8 percent bonds at 106 on one of its semiannual interest dates. The straight-line method of amortization is to be used. The entry to record the bond interest expense on the next interest payment date is:
A) Bond Interest Expense 11,440 Cash 11,440 B) Bond Interest Expense 11,726 Cash 11,726 C) Bond Interest Expense 10,840 Cash 10,840 D) Bond Interest Expense 11,154 Unamortized Bond Premium 286Cash 11,440