For a homestead to be valid, it must be:
a. recorded
b. owner-occupied at all times
c. placed on a conventional home, not on a mobile home
d. two of the above are correct
Answer: a. recorded
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Mountain Water Corp. issued common stock of $28,000 to pay off long-term notes payable of $28,000. In what section(s) would these transactions be recorded?
A. Financing activities payment of note, $(28,000) B. Financing activities cash receipt, $28,000 C. Non-cash investing and financing activities, $28,000 D. Both a and b are correct
The contingency approach to management suggests that
A) one management style should work for all individuals. B) the best management style depends on the size of the organization. C) management styles are constantly changing. D) management style makes no difference. E) management style depends on the demands of the situation.