If the debtor has twelve (12) or more creditors, an involuntary petition to declare him bankrupt must be signed by at least five (5) creditors.
Answer the following statement true (T) or false (F)
False
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Bonds issued with a provision that they may be called for redemption before the date of maturity are called convertible bonds
a. True b. False Indicate whether the statement is true or false
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $690,000, variable expenses of $352,000, and traceable fixed expenses of $104,000. During the same month, the West business segment had sales revenues of $140,000, variable expenses of $56,000, and traceable fixed expenses of $24,000. The common fixed expenses totaled $162,000 and were allocated as follows: $89,000 to the East business segment and $73,000 to the West business segment. The contribution margin of the West business segment is:
A. $84,000 B. $145,000 C. $422,000 D. $234,000
Which federal agency is responsible for the labeling rules that went into effect in 1994 that require food makers to adopt uniform labels for their products?
a. FDA b. FTC c. OSHA d. EPA e. NARB
Credit sales are recorded by crediting Accounts Receivable.
Answer the following statement true (T) or false (F)