Fashions, Inc has 12 shareholders. The company is subject to the Model Act. What officers is Fashions, Inc required to have?
a. A president, secretary, and treasurer
b. A president and a secretary, and they can be the same person
c. A president, at least one vice-president, a secretary, and a chief financial officer
d. Whatever officers are described in the corporate bylaws
d
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Pegasus Corp. signed a three-month, zero-interest-bearing $253,315 note on November 1, 2016 for the purchase of $250,000 of inventory. If Pegasus makes adjusting entries only at the end of the year, the adjusting entry made at December 31, 2016 will include a ________
A) debit to Note Payable for $2,210 B) debit to Interest Expense for $2,210 C) credit to Note Payable for $2,210 D) credit to Interest Expense for $2,210
If a lender (creditor) wishes to claim a(n)_________they should chose a judicial foreclosure over a non-judicial foreclosure
Fill in the blank(s) with correct word