Convertible debt can turn to ______ when money is received from a venture capitalist.

a. equity
b. conventional debt
c. a convertible note
d. venture capital funds


a. equity

Business

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How may an employee embezzle funds by issuing an unauthorized sales credit memo if the appropriate segregation of functions and authorization controls were not in place?

Business

Managerial accounting information is limited or restricted by which of the following authorities or principles?

A. Generally Accepted Accounting Principles B. Managerial Accounting Standards Board C. Value-Added Principle D. Securities and Exchange Commission

Business

When categorizing investments for the financial account component of the balance of payments the ________

is an investment where the investor has no control whereas the ________ is an investment where the investor has control over the asset. A) direct investment; portfolio investment B) direct investment; indirect investment C) portfolio investment; indirect investment D) portfolio investment; direct investment

Business

Treasury bonds are subject to ________ risk but are free of ________ risk

A) default; interest-rate B) default; underwriting C) interest-rate; default D) interest-rate; underwriting

Business