Sales of ______ and ______ can be difficult because determining the market value of the asset may be difficult
a. close corporation; sole proprietorship
b. close corporation; double proprietorship
c. close corporation; publicly traded corporation d. sole proprietorship; publicly traded corporation e. sole proprietorship; double corporation
a
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The maximum amount that may be owed on a credit card at any one time is called the
a. finance charge. b. line of credit. c. annual percentage rate. d. collateral.
The correct relationship for a premium bond is
A) coupon rate > current yield > yield to maturity. B) coupon rate > yield to maturity > current yield. C) current yield > coupon rate > yield to maturity. D) current yield > yield to maturity > coupon rate.
The statement, "I doubt that I can perform the contract," is a repudiation of the contract
Indicate whether the statement is true or false
To record receiving a bill for services to be paid at a later time, use the following:
A. Enter Bills > Pay Bills B. Invoice > Enter Bills > Pay Bills C. Invoice > Receive Payment > Deposit D. Purchase Order > Receive Payment > Deposit