Which of the following intangible assets does training and development indirectly influence?
A. intellectual capital
B. customer capital
C. human capital
D. all of the above
Answer: B
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How does the REA model categorize events?
In June 2007, the Internal Revenue Service released a ______ clarifying what constitutes illegal campaign involvement.
A. gift rule B. new form C. lobbying law D. revenue ruling
When purchases of merchandise are made on account and the perpetual method is used, the transaction would be recorded with the following entry: ________
a. debit Merchandise Inventory, credit Accounts Payable b. debit Accounts Payable, credit Merchandise Inventory c. debit Purchases, credit Sales d. debit Merchandise Inventory, credit Cash
List the different ways financial statements are used by an entrepreneurial firm.
What will be an ideal response?