Allied Services Is a Transportation Company That Operates in Most

question 92

Multiple Choice

Allied Services is a transportation company that operates in most of the United States. If Allied Services decided to incorporate, in which state would it incorporate?

• A) Nebraska, the state in which it started
• B) Whatever state contributes the most to company revenues
• C) The state where the company headquarters are located
• D) Any state that the company chooses
• E) A centrally located state within the United States

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Definitions:

Checks

Checks are written, dated, and signed instruments that direct a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.

Drafts

Written orders by one party (the drawer) to another (the drawee) to pay a specific amount of money to a third party (the payee) on demand or at a specified future date.

Promissory Notes

Written and signed agreements in which one party promises to pay another a specified sum of money either on demand or at a future date.

Specified Date

A particular or agreed upon day on which an event is scheduled to occur or a deadline is to be met.