Bright Lights Electrical, Inc. performed services of $8,000 on January 24 and invoiced the customer. Bright Lights received the $8,000 on January 31. Provide the journal entry on January 31 when the cash was received. (Ignore explanation.)

A hit-and-run or guerrilla warfare type of offensive strategy involves

a. random offensive attacks used by a market leader to steal customers away from unsuspecting smaller rivals. b. undertaking surprise moves to secure an advantageous position in a fast-growing and profitable market segment; usually the guerrilla signals rivals that it will use deep price cuts to defend its newly won position. c. tactics that work best if the guerrilla is the industry's low-cost leader. d. pitting a small company's own competitive strengths head-on against the strengths of much larger rivals. e. surprising moves by small challengers that have neither the resources nor the market visibility to mount a full-fledged attack on industry leaders.

Generally, a merger of two corporations requires

A. That a special meeting notice and a copy of the merger plan be given to all shareholders of both corporations. B. Unanimous approval of the merger plan by the shareholders of both corporations. C. Unanimous approval of the merger plan by the boards of both corporations. D. That all liabilities owed by the absorbed corporation be paid before the merger.