When does a corporation become a party to contracts made by the person forming a corporation?

The stock of Lavender Corporation is held as follows: 80% by Jade Corporation (basis of $400,000) and 20% by Tiffany (basis of $100,000).

Which of the following is considered data? Multiple Choice a. Quantity sold b. Worst-selling item by month c. Best customer by month d. Best-selling item by month

As an online service provider, to whom to do you owe the greater duty? To your customer who wish to knowingly (i. e.

Cervetti Corporation has two major business segments, East and West. In July, the East business segment had sales revenues of $220,000, variable expenses of $125,000, and traceable fixed expenses of $29,000.

On June 1, year 2, Archer, Inc. issued a purchase order to Cotton Co. for a new copier machine. The machine requires one month to produce and is shipped f. o. b. destination on July 1, year 2, and is received by Archer on July 15, year 2.

Non-trade receivables should be reported separately from trade receivables. Why is this statement either true or false? A) It is true because trade receivables are current assets and non-trade receivables are long term.

In general, a visionary organization asks what three types of questions to specify its foundation, set a direction, and formulate strategies? why, when, where what, by whom, how why, what, how how, when, where who, why, when

The United States wanted overseas territories because the territories had A) access to ports. B) customers who would buy U. S. products. C) connections with European nations. D) access to raw materials.

On January 1, Puckett Company paid $1.71 million for 57,000 shares of Harrison's voting common stock, which represents a 40 percent investment. No allocation to goodwill or other specific account was made.

I'm always cramming to hand in an assignment or take an exam.