What is the correct classification of the account: Discount on Notes Payable?
a. an asset
b. an expense
c. a revenue
d. a contra liability
d
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Which of the following statements about the FASB Accounting Standards Codification is true?
A) It only exists as an electronic database; paper copies are not available. B) When the Codification was adopted in 2009, it caused major changes in the contents of U.S. GAAP. C) It is reviewed and periodically updated by the SEC. D) It is only one of a large number of authoritative pronouncements that have been issued over time, all of which comprise U.S GAAP.
When a leader ignores a subordinate, or gives him the “silent treatment,” this could be considered ______.
a. ethical punishment b. “tough love” c. abusive behavior d. an act of commission
Which of the following is not a required element for a successful trade dress claim?
A) The trade dress is primarily nonfunctional. B) The trade dress adheres to industry standards. C) The trade dress is inherently distinctive or has acquired a secondary meaning. D) The alleged infringement creates a likelihood of confusion.
Susan has been planning to open a child care center and has been asked by the small business center to create a document that includes the market, strategies, and future directions. This document is a(n)
A. income statement. B. balance sheet. C. initial public offering. D. business plan. E. opportunity analysis.