______ communication channels develop outside the organizational structure and do not follow the chain of command.
A. Customary
B. Vertical
C. Horizontal
D. Informal
E. External
D. Informal
Informal communication channels develop outside the formal structure and do not follow the chain of command; they skip management levels and cut across lines of authority.
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Temporary investments
a. are reported as current assets b. include cash equivalents c. do not include equity securities d. all are correct
When bonds are converted to stock, any excess carrying value of the bonds over the par value of the stock is to be recorded as Additional Paid-in Capital
Indicate whether the statement is true or false
Comparative financial statements are reports that show financial amounts in side by side columns on a single statement for analysis purposes.
Answer the following statement true (T) or false (F)
To which of the following is an entrepreneur likely referring when using the term "angel" in reference to an investment plan?
a. An investment banker b. A venture capitalist c. Lenders of last resort who provide needed funds once it appears that an entrepreneur who has started a company is in financial trouble d. Family, friends, and wealthy individual investors to whom the entrepreneur first turns to seek funds