Natural gas, oil, and water would all be considered:
a. capital resources
b. labor resources
c. undeveloped resources
d. natural resources
e. governmental resources
d. natural resources
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Trading securities should be reported on the financial statements at fair market value
a. True b. False Indicate whether the statement is true or false
Which of the following incidents would Tom Jones consider to have the highest moral intensity?
a. A company’s poor working and sanitation conditions causes a fire that kills 17 people. b. A company’s continued pollution over a decade contributes to lower respiratory health for everyone in a tristate area. c. A company corruption scandal forces the resignation of several members of top management. d. A company corruption scandal plummets the company’s social standing and lowered profits bring about many layoffs.
The current ratio equals
a. current assets plus current liabilities. b. current assets minus current liabilities. c. current assets multiplied by current liabilities. d. current assets divided by current liabilities. e. current liabilities minus current assets.
In which of the following types of accounts are increases recorded by credits?
A) revenues, liabilities B) drawing, assets C) liabilities, drawing D) expenses, liabilities