Answer the following statement(s) true (T) or false (F)
An entrepreneur should include a three- to five-year financial projection so that the financial source can adequately evaluate the venture.
ANSWER: True
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Mandatorily redeemable preferred stock is reported on the balance sheet as:
A. a liability. B. a separate line between liabilities and shareholders' equity. C. a temporary investment. D. an equity item.
Credit Unions get slight competitive advantage over commercial banks and thrifts because they
A. get their charter from the Comptroller of the Currency. B. get tax exemptions as they are often run as non-profit organizations. C. are insured by the Federal Deposit Insurance Corporation. D. can rely on the funds from the Federal Reserve at times of emergency.
Communication interactions that take place through some type of technology such as a telephone, e-mail, or text message are known as ______ communication.
a. mass b. mediated c. face-to-face d. digital
When is revenue recognized under accrual accounting?
What will be an ideal response?