When an accountant reconciles a bank statement, NSF (not sufficient funds) checks should be
a. subtracted from the ledger balance of cash.
b. subtracted from the bank statement balance.
c. added to the bank statement balance.
d. added to the ledger balance of cash.
a
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The price at which a share of capital stock may be purchased or sold at a given time is called the
a. market value; b. par value; c. stated value; d. book value; e. discount.
What are the two main types of capital available for a new venture?
a. Seed and Series A b. Seed and debt c. Equity and debt financing d. Equity and Series B
Consider the case of a business that has had a very profitable year and earned a million dollars in profits. Can it distribute a million dollars to its owners (via dividends)?
A) Yes, definitely B) Maybe, maybe not C) Definitely not D) It can certainly distribute over a million dollars.
New, complex, and unrecognized situations call for ________ decisions.
A. nonprogrammed B. rational C. intuitive D. nonintuitive E. programmed