Under the Fair Labor Standards Act, most training must be:

Indicate the effects on the accounting equation of the following business transactions of Mayflower Service Corporation for b) to d) below. Use proper account titles. Transaction a) is answered as a guide

a) Received cash from Don Jones; issued common stock to him. What will be an ideal response

A co-owner of a property, held in joint tenancy, conveyed his interest to a buyer by general warranty deed signed only by the co-owner. Which of the following statements is TRUE regarding this transaction?

A. The general warranty deed conveyed the ownership interest of all co-owners. B. The rights of the other co-owners were not transferred by the general warranty deed. C. Owners cannot convey their interest without the consent of the co-owners. D. The warranty deed made no warranties to the new buyer.