Which of the following is true of liquidation of a corporation?
A) Liquidated assets are used first to pay contract rights of shareholders.
B) Common stock has a priority over stock with a liquidation preference.
C) Voluntary liquidation is carried out by the corporate officers.
D) A court-appointed receiver may conduct involuntary liquidation.
D
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Receipts from cash sales of $1,000 were recorded incorrectly in the journal as $10,000 . This item would be included on the bank reconciliation as a(n) ________ the balance per ________
a. addition to; bank statement b. deduction from; depositor's records c. addition to; depositor's records d. deduction from; bank statement
In operational auditing, the preliminary survey serves as a guide for the development of the audit program.
Answer the following statement true (T) or false (F)
Which approach to addressing resistance to change would a manager draft an influential figure of seniority into the change process, not necessarily to play an active role, but to give endorsement to the change and convince the rest of the staff that the change is a good idea?
a. Negotiation b. Participation c. Coercion d. Manipulation
Sterling Bank wants to perfect its security interest in timber owned by Ridgeline Lumber, Inc. Most likely, a financing statement should be filed with
A. the local chamber of commerce. B. the county clerk. C. a federal loan officer. D. the secretary of state's office.