Which of the following accounts does not have a normal credit balance?

A. Common Stock
B. Notes Payable
C. Equipment
D. Deferred Revenue


Answer: C

Business

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An internal or external event must be_____________to be recognized

Fill in the blank(s) with correct word

Business

The advantage of a holder in due course over a simple holder of an instrument is that the holder

in due course can: A) Collect on the instrument even if it has been forged. B) Collect on the instrument if the maker or drawer asserts a personal defense. C) Indorse the instrument "without recourse" thus limiting his liability. D) Collect punitive damages from a party who wrongly does not pay a negotiable instrument. E) Transfer the instrument to others, thus using it as a substitute for money.

Business

Sole proprietorships are the most common form of business organization in the United States

Indicate whether the statement is true or false

Business

________ is the last step of behavioral modeling.

A. Review B. Retention C. Attentional process D. Reinforcement E. Production

Business