Which of the following accounts is a permanent (real) account?
A. Fees earned.
B. Interest revenue.
C. Office supplies expense.
D. Accounts payable.
E. Salaries expense.
Answer: D
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Two digital cellular standards used in the United States are
a. AMPS and CDMA b. CDMA and TDMA c. ETACS and AMPS d. ETACS and GSM
Less humane oriented societies are more likely to value self-interest and self-gratification.
a. true b. false
It is important for an entrepreneur to be highly energetic.
Answer the following statement true (T) or false (F)
In order to be classified as an extraordinary item in the income statement, an event or transaction should be
a. unusual in nature, infrequent, and material in amount. b. unusual in nature and infrequent, but it need not be material. c. infrequent and material in amount, but it need not be unusual in nature. d. unusual in nature and material, but it need not be infrequent.