A grievance procedure is when an issue continues to work up the chain of command until it is resolved

In law, a business is considered to have stopped operating once a Receiver or Manager

has been appointed. Indicate whether the statement is true or false

A wealthy alumnus donated land to be used for a new arts and sciences building at the local state university. The land has a fair market value of $250,000 . The donor purchased the land ten years ago at a cost of $75,000

The entry to record the receipt of the donation would be Debit Credit A. Land Capital Contributions $250,000 $250,000 B. Land Capital Contributions $75,000 $75,000 C. Land Special Item $250,000 $250,000 D. Land Special Item $75,000 $75,000