Which of the following elements is not recognized on the balance sheet?
A) ?Equity
B) ?Expense
C) ?Liability
D) ?Asset
B
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Azerbaijan imported wheat from Romania in exchange for crude oil and Vietnam exchanged rice for Philippine fertilizer and coconuts. Both scenarios are examples of which of the following?
A) convertible trade B) tariffs C) quotas D) protectionism E) countertrade
Southern Security makes safes for storing valuables such as jewelry and family records
When Ed sold safes for the company, he had to be prepared with a response when a prospect said, "I have no room for a safe" or "My family heirlooms aren't valuable enough to put in a safe". In other words, Ed had to ________. A) prepare several different closings B) use a canned sales presentation C) treat each sale as a transaction D) utilize cold calling E) anticipate objections
Butner Inc requires all capital investments to generate an internal rate of return of 14%. The company is considering an investment costing $100,000 that is expected to generate equal, annual cash inflows for ten years. The annual cash inflows are expected to be:
A) $19,171. B) $16,000. C) $38,088. D) $12,800.
________ consists of a professor asking students questions about a case or legal issue to stimulate critical thinking by the students
A) The Socratic method B) IRAC method C) Rote learning D) Active learning