Which of the following is deductible as interest expense?
A. personal credit card interest
B. bank service charges on personal account
C. interest to purchase tax-exempt bonds
D. None of the above.
Answer: D
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Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $13,900 of merchandise on account under terms 2/10, n/30. 2) The company returned $3400 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $21,800 cash. What effect will the return of merchandise to the supplier in event (2) have on Darlington's financial statements?
A. Assets and stockholders' equity decrease by $3400. B. Assets and liabilities decrease by $3400. C. Assets and liabilities decrease by $3332. D. None. It is an asset exchange transaction.
Management scholars have identified a range of roles that a global leader may need to take, including to be a _______ (involving making deals and managing conflict) and to be an _________ (involving seizing opportunities, generating new ideas, promoting a vision for the company).
What will be an ideal response?
Cultural stereotypes are dangerous except to suggest plausible behaviors
Indicate whether the statement is true or false.
As an entrepreneur, one should think like a scientist and ______.
a. act like one as well b. not put as much time or precision in experiments as a scientist would c. conduct experiments with more precision since the results will be acted upon d. use the same methods as a scientist