It is always easier to pay back what you borrow than to obtain credit in the first place

Indicate whether the statement is true or false.

Answer: FALSE

Business

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Under the Revised Model Business Corporation Act (RMBCA), which of the following must be contained in a corporation's articles of incorporation?

A. Quorum voting requirements. B. Names of shareholders. C. Provisions for issuance of par and no-par shares. D. The number of shares the corporation is authorized to issue.

Business

Which of the following accounts need not be adjusted at year end?

a. Prepaid Advertising b. Land c. Office Supplies d. Unearned Revenue

Business