Liabilities are not a source of assets for a business.
Answer the following statement true (T) or false (F)
False
This is false. There are three sources of assets. First, a business can borrow assets from creditors. The second source of assets is investors. The third source of assets is operations.
You might also like to view...
Which of the following statements BEST summarizes the role of online job searching?
a. Job seekers in the current job market can give up traditional means of searching for jobs and concentrate solely on online job search techniques. b. Online employment search capabilities extend the range of possibilities previously available to the job seeker. c. Online job searching is a trend that is expected to further lose popularity over time. d. Online job searching is important for technical job seekers in computer-related field but not as important for job seekers in other fields.
Zappos faced a problem in 2009 when the board wanted management to focus more on sales volume than company culture and employee benefits. The founder of the company resolved the issue by
a. promote sales in discount stores b. resign his position and let new management accommodate the board c. sell the company to a t-group of venture capitalists who understood the value of corporate culture d. selling the company to Amazon, with their assurance he could continue along the existing path e.hire more marketing and sales personnel
Which of the following statements regarding health care expenditures in the United States is (are) true?
I. As a nation, the U.S. spends significantly more per-person on health care than most other industrialized nations. II. Health care expenditures in the U.S. are high because everyone is covered by a health insurance plan. A) I only B) II only C) both I and II D) neither I nor II
A fixed-rate loan is a loan whose rate of interest is established at a fixed increment above the prime rate and is allowed to vary above the prime rate only when the prime rate varies until maturity
Indicate whether the statement is true or false