A(n) ________ refers to a document that states the terms for converting an existing business to an LLC (limited liability company)

A) articles of termination
B) operating agreement
C) articles of organization
D) agreement of conversion


D

Business

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Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 400 shares to its attorneys in payment of a $5,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include:

A. A debit to Organization Expenses for $5,000. B. A debit to Organization Expenses for $4,000. C. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $5,000. D. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $2,000. E. A credit to Common Stock for $5,000.

Business

Briefly describe how salespeople and firms are applying CRM technology to prospecting.

What will be an ideal response?

Business

A strength of studying the research on gender and leadership is ______.

A. the inequity in gender pay is a significant factor keeping women from elite leadership roles B. contemporary notions of effective leadership styles are now more feminine C. contemporary notions of effective leadership styles are now more androgynous D. the inequity in female-owned private businesses clearly impacts the gender leadership gap

Business

Liquidity refers to how quickly an asset can be converted into cash.

Answer the following statement true (T) or false (F)

Business