A report that shows the results of operations for a company for a period of time is
A. an income statement
B. a budget
C. a balance sheet
D. a cash flow statement
Answer: A
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What is a convertible debt instrument?
a. A loan to a small business made by a bank that gets converted to a lower interest rate once the startup gets larger. b. A mechanism for early-stage investment where the investor is issued a note with an interest rate for the invested amount, convertible to stock at certain price per share upon Series A investment or other events as specified in the note. c. A debt instrument that converts to publically traded stock after one year. d. None of the above
If a seller cures within a reasonable amount of time, the contract A)has been performed
B)is breached. C)is void. D)is voidable.
Ford Motor Company manufactures automobiles and franchises independently owned automobile dealers (franchisees) to sell them to the public. This is an example of a(n) ________ franchise.
A. chain-style B. area C. distributorship D. processing plant
A frequency distribution is
a. a tabular summary of a set of data showing the relative frequency b. a graphical form of representing data c. a tabular summary of a set of data showing the frequency of items in each of several nonoverlapping classes d. a graphical device for presenting categorical data