Establishing a sole proprietorship generally requires the owner to get a charter from the state government.
Answer the following statement true (T) or false (F)
False
Sole proprietorships do not require registration with state government.
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The record in which transactions are initially recorded in chronological order as they occur is a(an)
a. Account b. General Journal c. General Ledger d. Chart of Accounts
Deferred compensation techniques are currently used in the American work place. What are they and how do they benefit the employer and the employee?
During the question-and-answer period at the end of your presentation,
a. encourage the audience to ask questions. b. ask hostile questioners to leave the audience. c. allow the questions to continue until there are no more asked. d. avoid restating the question and instead focus on the answer.
The maturity of most bank loans is short term. Bank loans to businesses are frequently made as 90-day notes which are often rolled over, or renewed, rather than repaid when they mature. However, if the borrower's financial situation deteriorates, then the bank may refuse to roll over the loan.
Answer the following statement true (T) or false (F)