Even though debt sometimes comes with zero percent interest, it is still debt because by definition the money is still what?
A) Expensed
B) Credit
C) Owed
D) Net worth
E) Income
C) Owed
You might also like to view...
If the M1 multiplier is 3 and the Fed engages in open-market sales in the amount of $3 billion, then M1 will
A. increase by $1 billion. B. decline by $1 billion. C. decline by $9 billion. D. increase by $9 billion.
Which of the following would appear on the balance sheet as a current liability?
a. A loss from an anticipated strike by employees. b. Potential damages from possible explosions in a fireworks factory. c. Premium offers in cereal boxes. d. The possible loss from a lawsuit.
The International Accounting Standards Board was formed to
a. enforce FASB standards in foreign countries. b. develop worldwide accepted accounting standards. c. establish accounting standards for U.S. multinational companies. d. develop accounting standards for countries that do not have their own standard-setting bodies.
Which of the following is an example of a low-context culture?
A. Japan B. Arab countries C. Germany D. Greece