Answer: um... Imma say 6 i guess i don't really know
Explanation:
Answer:
c. a long-term investment.
Explanation:
A long-term investment is an asset that a business tends to keep for more than one year. An investor or business that acquires a long-term investment has no intention of selling in the short or medium term. Some long-term investments will never be sold.
The land will be recorded as a long term investment. It qualifies an asset because it will be used in the production of other goods, thereby generating income for the business. The land will be used after five years; hence it's a long term investment.
Answer:
a. a majority of both shareholders and directors must approve.
Explanation:
Whenever a corporation decides to dispose off all of it's assets or substantially all of it's assets to another corporation, following points are noteworthy
- The Board of directors first have to propose a resolution regarding disposition which has to be approved
- Secondly post approval of the said resolution, the act of "disposition" also requires approval by the corporation's shareholders.
- Such approval must be obtained by majority of the votes cast in it's favor.
In short, disposition of all or substantially all the assets requires an approval of a majority of both shareholders and directors.
Answer:
D . Credentialing
Explanation:
It is usually carried out at the beginning of employment (initial application) and subsequently at regular intervals (re-election). The accreditation of suppliers or other organizations can begin before the purchase process and be repeated regularly.
Answer:
D. $4,000
Explanation:
For Anderson Antiques the following have been given
Opening balance= $4,000
Cash receipts (inflow)= $365,000
Cash disbursed (outflow)= $370,000
Desired reserve= $3,000
So cash at end of day= Opening balance + cash inflow - cash outflow
= 4,000+ 365,000- 370,000
= - 1,000
Remember we want a cash reserve of $3,000 so we take it out of closing balance
Final figure= -1,000-3000= -$4,000
So shortfall of $4,000