Professional angels are ______________________.
a. independently wealthy retired or semiretired entrepreneurs or executives who often invest their personal capital in startups as a hobby.
b. people who have already successfully started and
operated their own businesses
c. doctors, lawyers, dentists, accountants, consultants, and the like, who invest their savings and income
d. usually former business executives looking to use their savings or current income to invest
c. doctors, lawyers, dentists, accountants, consultants, and the like, who invest their savings and income
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Seria, Inc. has received a bulk order from an overseas client. As a result, the reported earnings of this year are expected to be significantly higher than the estimates of financial analysts. Joshua, an accountant at Seria, tells this to one of his friends. Which of the IMA standards has Joshua violated?
A) objectivity B) competence C) confidentiality D) technicality
A bond with a face value of $1,000 has a current price quote of 89.00. This bond is selling for
A) $1090.00. B) $1040.00. C) $990.00. D) $890.00.
________ is the exchange value of a product or service in the marketplace
A) Utility B) Tangibility C) Price D) Wage E) Salary
Each of the following items is considered a cash equivalent except:
A) a 30-day certificate of deposit. B) a 60-day corporate commercial paper. C) a 75-day U.S. Treasury bill. D) a 180-day note issued by a local government.