What are the factors considered by a court on whether the court should pierce the corporate veil?
What will be an ideal response?
If a corporation fails to operate as an entity that is separate from its owners, creditors may pierce the corporate veil. In deciding whether to pierce the corporate veil, the court may look at such factors as:
• Did the corporation observe corporate formalities such as holding meetings?
• Did the corporation keep separate bank accounts?
• Were corporate funds used for corporate rather than personal purposes?
• Was the corporation undercapitalized?
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Export marketing requires all of the following except:
A) an understanding of the target market environment. B) the use of marketing research. C) identification of market potential. D) decisions concerning product design. E) reaching retail customers.
Explain the difference(s) between logos and pathos.
What will be an ideal response?
A reconciliation from Enterprise funds statements to government-wide statements is not necessary because:
A. they both use the same measurement focus and basis of accounting (current financial resources, modified accrual). B. they use a different measurement focus and basis of accounting. C. enterprise funds are not included in the government-wide statements. D. they both use the same measurement focus and basis of accounting (economic resources, accrual).
Accounts
A) do not reflect money amounts B) are not used by entities that manufacture products C) are records of increases and decreases in individual financial statement items D) are only used by large entities with many transactions