Which of the following is true of disposition of collateral?
A) Disposition of collateral must be a public proceeding.
B) The debtor is entitled to receive any surplus collateral that remains after disposition.
C) The debtor need not be notified of the disposition as the creditor has complete claim on the collateral.
D) Disposition of collateral occurs when the default is by the creditor.
B
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Which of the following statements is incorrect?
a. The normal balance of accounts receivable is a debit. b. The normal balance of owner's withdrawals is a debit. c. The normal balance of unearned revenues is a credit. d. The normal balance of an expense account is a credit. e. The normal balance of the owner's capital account is a credit.
When planning a presentation to seek collaboration, how should information be organized?
A) By comparison B) By importance C) Based on conclusions and recommendations D) Using broad categories E) Based on the sequence of events