Which of the following is not a characteristic of extraordinary items reported on the income statement?
a. appear near the end of the income statement
b. reported separately from continuing operations
c. shown net of tax effects
d. is shown as a combined amount with discontinued operations
d
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One may become liable through ratification for an unauthorized act that was done by an agent.
Answer the following statement true (T) or false (F)
Which of the following statements about small businesses is false?
A. Many small businesses struggle to compete with large firms. B. Almost half of all U.S. firms are small businesses. C. Most large firms began as small businesses. D. Small firms are a vital component of the U.S. economy. E. Small businesses can be both incorporated and unincorporated.
Notes that are issued by a commercial bank or brokerage firm that mature anywhere from 18 months to 10 years are ______________________________.
Fill in the blank(s) with the appropriate word(s).
________ is the total stream of purchases that a customer could contribute to the company over the life of the relationship.
A. A premium price B. Customer equity C. Profit D. Net worth E. Customer lifetime value