Whitney Chemicals Company received cash of $40,000 and issued common stock. Which of the following accounts will be credited?
A) Accounts Receivable
B) Cash
C) Common Stock
D) Accounts Payable
C
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______________: Entails simultaneously emphasizing internal team building and achieving external visibility
Fill in the blank(s) with the appropriate word(s).
Which of the following is true of a proxy election for the board of directors of a corporation?
A) Shareholders must vote for a candidate but do not have the option to allow the proxy committee to vote the shares in any way it sees fit. B) A biographical sketch of each of the candidates for the board of directors is sent to all shareholders. C) Under the National Stock Exchange rules, the proxy committee must use a ballot form to solicit proxies. D) The proxy committee sends only preferred shareholders a statement of resolutions on which the shareholders are to vote.