Computers, copiers, and desks are examples of what category of business product?
A) supplies
B) installations
C) accessory equipment
D) process materials
E) capital items
Answer: C
Explanation: C) Computers, copiers, and desks are examples of accessory equipment.
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An auto repair company is not an example of a manufacturer
a. True b. False Indicate whether the statement is true or false
Brawn Co has a $20,000, two-year note payable to Gassaway City Bank that matures June 30, 2014 . Brawn's management intends to refinance the note for an additional three years and is negotiating a financing agreement with Gassaway City. In order to exclude this note from current liabilities on its December 31 . 2013 . balance sheet, Brawn Co must
a. pay off the note and complete the refinancing before the 2013 financial statements are issued. b. complete the refinancing before the note's maturity date. c. complete the refinancing before the balance sheet date. d. demonstrate an ability to refinance the obligation before the 2013 financial statements are issued.
For a security interest to attach, there must be an agreement
a. True b. False Indicate whether the statement is true or false
Under the theory of negligence, the duty of care requires a careless act
a. True b. False Indicate whether the statement is true or false