Which of the following would not normally be identified in the risk identification process?

A) Property Risk
B) External Risk
C) Human Resource Risk
D) Pure Risk


B

Business

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Which of the following illustrates the relationships among words, things, and thoughts?

A. the curtain of distraction B. the ladder of abstraction C. the four-square conundrum D. the triangle of meaning

Business

__________, or an increase in the level of prices, is another important consideration in analyzing financial statements

Fill in the blank(s) with correct word

Business

When a monthly mortgage payment is made and recorded, the debit to Mortgage Payable represents the reduction in the principal balance

Indicate whether the statement is true or false

Business

Wisconsin Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $7000. The net book value of the asset was $28,900. Which of the following statements describes the cash effect of the transaction?

A) positive cash flow of $35,900 from financing activities B) negative cash flow of $21,900 for operating activities C) negative cash flow of $21,900 for financing activities D) positive cash flow of $21,900 from investing activities

Business