The primary reason people choose to become entrepreneurs is to:
A. avoid difficult challenges.
B. avoid uncertainty.
C. earn more money.
D. develop evolutionary business models.
Answer: C
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The stock dividends distributable account is listed in the current liability section of the balance sheet
a. True b. False Indicate whether the statement is true or false
On October 1, 2017, Parkin, Inc. made a loan to one of its customers. The customer signed a 9-month note for $150,000 at 14%. Calculate the maturity value of the note. (Round your answer to the nearest dollar.)
A) $165,750 B) $171,000 C) $129,000 D) $134,250
Assuming unearned revenues are originally recorded in balance sheet accounts, the adjusting entry to record earning of unearned revenue is:
A. Increase an expense; increase a liability. B. Increase an expense; decrease a liability. C. Increase an asset; increase revenue. D. Decrease a liability; increase revenue. E. Increase an expense; decrease an asset.
A decision by the federal Environmental Protection Agency (EPA) on the amount of carbon that can be emitted from a car's exhaust system conflicts with a California state law. In this situation, under the supremacy clause, A) ?both the decision and the law are invalid
B) ?both the decision and the law apply concurrently. C) ?California's law takes precedence. D) ?the EPA's decision takes precedence.