_____ are economic resources with the potential to provide future economic benefits to a firm
a. Revenues
b. Expenses
c. Liabilities
d. Assets
e. Shareholder Equity
D
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Sam expressed interest in buying a painting from Jasper, whose asking price was $15,000. Sam was only willing to offer $13,000. Jasper told him that it was a very old painting worth a fortune and that others would gladly pay $20,000 for it. Sam decided to buy the painting for $15,000 on the condition that if he found that the painting was worth less than $15,000, Jasper would have to take the painting back and refund Sam. Which of the following warranties did this sales contract have?
A. an implied warranty of merchantability B. an express warranty C. a statement of opinion D. an implied warranty of fitness
If an employee is falsely accused of wrongdoing, and that accusation is communicated to others, the employee may:
a. have a cause of action for intrusion upon seclusion b. have a cause of action for discrimination c. have a cause of action for defamation d. none of these
What are the four types of organizational cultures identified by Fons Trompenaars? Provide a brief description of each of these cultures.
What will be an ideal response?
The Code contains two major depreciation recapture provisions: § 1245 and § 1250.
Answer the following statement true (T) or false (F)