Liquidation is the process of
A) reducing assets to cash.
B) accumulating capital through sale of stock.
C) reducing cash to purchase assets necessary to start up business.
D) converting a partnership to a corporation.
Correct Answer:
Verified
Q6: Agency by ratification occurs
A) only in cases
Q7: The theory of respondeat superior generally
A) describes
Q8: A corporation's legal status
A) ends on the
Q9: On dissolution,a partnership requires
A) partners to share
Q10: Agency can be used in
A) partnerships.
B) corporations.
C)
Q12: A de jure corporation has made
A) good
Q13: Limited partners must have
A) less than 50
Q14: Inherent authority allows the agent to exceed
Q15: An agency occurs when one person
A) has
Q16: A business that ends automatically with a
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