What are some of the benefits of using crowdfunding as a source of capital?
What will be an ideal response?
No or low cost of capital (only have to give backers a reward), markets the product/service to potential users at no cost, great proof of concept method.
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In a contract made by a minor, ________.
A. the minor does not have the right to disaffirm the contract B. the minor can disaffirm the contract at any time, even after attaining majority C. his/her siblings who are also minors can disaffirm the contract on his/her behalf D. adult parties bound to the contract cannot disaffirm the contract
If the Fair Value Adjustment - Trading account for trading debt investments has a debit balance, it is ________.
A) considered to be a contra account B) subtracted from the Trading Debt Investment account to determine carrying value C) added to the Trading Debt Investment account to determine carrying value D) reported in the other income and expenses section of the income statement
The holiday crafts fair is always held during the first weekend in december, it is an great place to find unique attractive gifts
What will be an ideal response?
Multilateral netting
A. is more expensive than hedging. B. is using IC open positions in two currencies that are expected to balance each other. C. creates competition among subsidiaries. D. should be avoided.