On the balance sheet of a bank, what is the best description of the nature of checking accounts of customers?
a. Short-term asset
b. Long-term asset
c. Short-term liability
d. Long-term liability
e. Owners' equity
C
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Horizontal analysis is analysis
a. of dollar changes and percentage changes over two or more years. b. in which all items are presented as a percentage of one selected item on a financial statement. c. in which a statistic is calculated for the relationship between two items on a single financial statement or for two items on different financial statements d. of all ratios that increased or decreased over past accounting periods.
Which of the following costs can be capitalized when incurred in connection with obtaining the rights
A) Exploration costs B) Development costs C) Restoration costs D) All of these answer choices are correct.
Lessee leased some land and buildings from Lessor. There was no transfer of ownership and no bargain purchase option. If the fair value of the land is less than a certain percentage of the total fair value of the leased property at the inception of the lease, both the lessee and the lessor may consider the land and buildings as a single unit. What is that percentage?
A) 10% B) 75% C) 25% D) 50%
The citizen-action publics in a company's marketing environment include ________
A) employees and managers of the company B) stockholders and investment analysts C) government trade agencies D) environmental groups E) news channels