A(n) ________ is a legal obligation to pay money in the future.
A. equity capital
B. gift
C. debt
D. stake
Answer: C
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Which of the following is an example of a skillful feeling message?
A) You always try to make me feel guilty. B) I'm worried about meeting the deadline for our report. C) I'm worried about your attendance. Why do you always have to be late? D) I feel the Packers will win on Sunday.
A corporate income statement does not contain
a. discontinued operations. b. extraordinary gains and losses. c. unrealized investment gains and losses. d. earnings per share data.
Tweets are limited to 140 characters or less. Why do experts feel tweets should be even shorter?
A) Shorter tweets allow the user to send out several tweets in a row to "tell a story". B) Shorter tweets aid in the ability to retweet the message. C) Users have a short attention span and won't read a tweet of 100 or more words. D) Twitter will automatically change links to a length of 22 characters. E) Shorter tweets allow the use of more visual aids and emoticons.
Gump Shrimp Company On January 1, 2011, Gump Shrimp Company purchased a ship for $1,000,000. It has a ten-year useful life and a salvage value of $100,000. The company uses the double-declining-balance method. Refer to the information provided for Gump Shrimp Company. What was the book value of the ship at the end of the third year?
A) $128,000 B) $512,000 C) $200,000 D) Need more information to determine this answer.