1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AVprozaik [17]
3 years ago
9

On July 1, 2015, ABC company filed its Articles of Incorporation with the State of California. All of their correspondence and c

ontracts list ABC as ABC Inc. On July 10th, XYZ Inc. sues ABC for breach of contract. Then on July 20th, ABC gets notice from the State of California that their Articles of Incorporation have been rejected. ABC forgot to list its Registered Agent on the forms. How is ABC going to be treated in the lawsuit filed against them by XYZ Inc
Business
1 answer:
attashe74 [19]3 years ago
5 0

Answer:

Explanation:

When ABC company filed its Articles of Incorporation with the State of California and All of their correspondence and contracts list ABC as ABC Inc. They are already tagged as a corporation with limited liability.

Now; when there is a breach of contract and they are being sued by XYZ Inc. From the knowledge that XYZ file the lawsuit case against ABC, the ABC company will then be treated as a partnership acquainted with unlimited liability instead of a corporation with limited liability they are being known for since they already had a notice from the State of California that their Articles of Incorporation have been rejected.

You might be interested in
What kind of inhibitor is a transition state analog usually classified as?
Usimov [2.4K]
<span>An enzyme inhibitor are chemical compounds with a chemical structure that resembles the transition state of a substrate molecule in an enzyme-catalyzed chemical reaction. The inhibitor can be designed according to the determined transition state structures or intermediates.</span>
4 0
3 years ago
As part of PSM standards, hazard communication standards require employers who use hazardous chemicals to _____.
dusya [7]
As part of PSM standards, hazards communication standards require employers of different companies who use hazardous, unsafe and life threatening chemicals "to check, evaluate, classify and label each of those chemicals". These standards are developed and established by OSHA (Occupational Safety and Health Organization).
8 0
3 years ago
Levelor Company's flexible budget shows $10,710 of overhead at 75% of capacity, which was the operating level achieved during Ma
Salsk061 [2.6K]

Answer:

The correct answer is $473 (Unfavorable).

Explanation:

According to the scenario, the given data are as follows:

Actual overhead = $11,183

Budgeted Overhead = $10,710

So, we can calculate the controllable variance by using following formula:

Controllable variance  = Actual overhead - Budgeted overhead

By putting the value, we get

Controllable variance  = $11,183 - $10,710

= $473 ( Positive shows unfavorable)

= $473 (unfavorable)

3 0
3 years ago
The dean of a highly reputed business school has decided to pursue a coveted accreditation for the college. To get the faculty's
natita [175]

Answer:

Consultation.

Explanation:

In the scenario observed in the question, it can be seen that the dean used the consultation tactic.

This tactic can be defined as the influencing leader seeking support from others to influence a group.  This is an effective approach to increase group satisfaction due to the value of democratic decision-making.

The benefits of this technique are described in the question, such as the increased commitment of the faculty, who are now interested in seeing the process succeed and the objective of accreditation fulfilled.

6 0
3 years ago
Identify the accounting​ concept, assumption, or principle that best applies to each of the following​ situations: a. Inflation
lianna [129]

Answer:

The list is follows:

a. Inflation has been abound​ 2.5% for some time. Village Realtors is considering measuring its land values in​ inflation-adjusted amounts - Stable-monetary-unit assumption

b. You get an especially good buy on a laptop​, paying only $ 300$300 when it normally costs $ 800. What is your accounting value for this laptop? - Historical cost principle

c. Burger King​, the restaurant​ chain, sold a store location to McDonald. How can Burger King determine the sale price of the store long dash—by a professional​ appraisal, Burger King​'s original​ cost, or the amount actually received from the​ sale? - Historical cost principle

d. General Motors wants to determine which division of the company long dash—Chevrolet or Cadillac long dash—is more profitable - Entity assumption

6 0
3 years ago
Other questions:
  • Melinda kept a record of her spending for the week. She spent $25 to put gas in the car, bought a new shirt for a total of $22.3
    9·1 answer
  • Companies report prior period adjustments, net of any income tax effects in the:
    9·1 answer
  • Which factor determines who a society will produce goods and services for?
    14·2 answers
  • The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estima
    6·1 answer
  • Cell phone companies found that when they raised the price of connecting to wireless hot spots, demand decreased more than propo
    9·2 answers
  • Which of the following are included in M2?
    14·1 answer
  • A student applies for admission to Oxnard University. (You may select more than one answer. Click the box with a check mark for
    8·1 answer
  • Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:____________
    6·1 answer
  • Buddy's Burger Barn purchased produce for the week from one of its
    6·1 answer
  • Tom was CEO of a company. He stole money from the company by writing a series of checks made out to “Cash” which he deposited in
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!