The phrase "ordinary and necessary" means that an expense must be appropriate and helpful for generating a profit.
Answer the following statement true (T) or false (F)
True
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______ communication is the ability to transmit messages through e-mail, Skype, videoconferencing, blogs, fax, instant messaging, texting, and social networking.
A. Oral B. Nonverbal C. Written D. Electronic
The ethical standards for management accountants state that accountants are obligated to maintain professional competence at all times when dealing with
a. people outside the company. b. regulatory bodies. c. the world marketplace. d. people and resources of one's own company, outside entities, and the world marketplace.
________ are necessities to meet urgent requirements
A) Needs B) Wants C) Demands D) Utilities E) Equities
A-One Loans, Inc, holds a security interest in kitchen and restaurant equipment owned by Brunch n' Lunch Bistro. A-One assigns its interest in the equipment to Commercial Investments Corporation. Commercial Investments becomes the secured party of record
a. automatically. b. ifA-One advises Brunch n' Lunch of the assignment. c. ifCommercial Investments advises Brunch n' Lunch of the assignment. d. ifCommercial Investments files a uniform amendment form.