Shareholders of a corporation act as agents of the corporation

Indicate whether the statement is true or false

FALSE

Business

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For domestic travel, federal law requires any limit on an airline's total baggage liability to be at least $1,000 per family.

Answer the following statement(s) true (T) or false (F)

Business

Which of these statements about a journal is false?

A. It contains only revenue and expense accounts. B. It provides a chronological record of transactions. C. It helps to locate errors because the debit and credit amounts for each entry can be readily compared. D. It discloses the complete effect of a transaction in one place.

Business