Nancy is starting a business offering piano lessons for young children. She has rented a studio where the lessons will take place. She had her home piano moved to the business location
She intends to use this piano, which she has owned for many years, for the lessons. From a financing perspective, what does the piano represent to the business?
a. Debt capital
b. Equity capital
c. Account receivable
d. Profit
b
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Who are the users of the financial statements?
a. Management. b. Auditors. c. Taxing Authorities. d. Both A and C.
The difference between the literal meaning of what one says (semantic meaning) and the intended meaning is referred to as ______________________.
a. Direct Communication b. Indirect Communication c. Nonverbal Communication d. None of the above
Indicate the plural form of the noun. memo
To be effective, notice of revocation of an offer:
A) must be communicated directly to the offeree before the offeree has accepted. B) may be communicated indirectly to the offeree through a third person. C) must be dispatched before the offeree accepts; when notice actually reaches the offeree is not important. D) is not addressed in the Restatement.