If a corporation is formed, then the owners are known as

Profits of a large corporation are taxed twice, once as corporate income and again as personal income of stockholders. a. True b. False

Flint Company borrowed $46,800 on November 1, 2020, by signing a $46,800, 9%, 3-month note. Prepare Flint's November 1, 2020, entry; the December 31, 2020, annual adjusting entry; and the February 1, 2021, entry.

A corporation issues 2,000 shares of common stock for $32,000. The stock has a stated value of $12 per share. The journal entry to record the stock issuance would include a credit to Common Stock for a.$32,000. b.$2,000. c.$12,000. d.$24,000.

Which of the following elements is not necessary to prevent value conflicts in the work place? A. Tolerance B. Consideration C. Avoidance D. Honest communication

Cheryl is a senior legal secretary of a large software company. Her job duties include handling legal secretarial duties, managing the legal support team, and advising managers on the legal aspects of their teams.

The organizational-management process consists of seven steps: (1) doing research, (2) establishing the mission and vision, (3) assessing the current reality, (4) formulating the grand strategy, (4) implementing the strategy, (6) maintaining

City Bus Corporation provides school bus transportation to private and public schools in Lancaster County. City Bus owns 50 buses that are garaged in three different cities within the county.

FetchFun Inc. is currently an all-equity firm with 20 million shares outstanding and a stock price of $7.50 per share. FetchFun Inc. plans to announce that it will borrow $50 million and use the proceeds to repurchase shares. FetchFun Inc.

Which of the following is not one of the categories of which the CPI market basket consists? a. housing b. food c. education d. industry

Individuals are free to produce and sell whatever products they wish