A wealthy individual who invests personal funds in a startup in exchange for an equity share in the business is referred to as a(n):
A. incubator.
B. angel investor.
C. venture capital investor.
D. crowdfunder.
Answer: B
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In Ransom v. FIA Card Services, Ransom filed for Chapter 13 bankruptcy protection and listed among his living expenses the standard amount allowed in the Bankruptcy Code for car ownership costs. Ransom owned his car outright and had no car payment. FIA challenged the car deduction. The court held that Ransom could
A. take the deduction because denying it would send a message to debtors to take out car loans rather than pay them off. B. take the deduction because he met the means test. C. take the deduction because the statutory language was ambiguous. D. not take the deduction because it was limited to debtors who were required to make loan or lease payments on a car.
Which of the following is not true regarding the asset-liability approach to defining accounting elements?
a. The asset-liability approach focuses on the measurement of net assets. b. The asset-liability approach is arguably superior to the revenue-expense approach. c. The asset-liability approach is the basic orientation of current financial reporting practices. d. SFAS No. 109 uses the asset-liability approach by focusing income tax accounting on the recognition of tax assets and liabilities.
Employees with ________ locus of control have ________ absenteeism and are ________ involved in work.
A) External, less, more B) Internal, more, less C) External, more, less D) Internal, less, more
They, which, ours, and us are examples of ____
A) nouns B) adjectives C) adverbs D) pronouns