The portion of a long-term liability that is due within a year is still included in the long-term liability section of the balance sheet

Peggy and Joan wish to form a partnership to buy and sell real estate for others. which statement is correct?

A. Peggy and John must both be actively licensed brokers B. Either Peggy or John must be actively licensed brokers C. If Peggy is an active license broker, John must be an active license broker or be registered as an unlicensed partner D. If John is in actively licensed broker, Peggy must be in actively license sales associate or broker associate.

Which of the following corporate actions is subject to shareholder approval?

A. Election of officers. B. Removal of officers. C. Declaration of cash dividends. D. Removal of directors.