If a small business that declares bankruptcy is a corporation or LLC, the owner's personal assets are not affected.
Answer the following statement true (T) or false (F)
True
If a small business that declares bankruptcy is a corporation or LLC, the owner's personal assets are not affected.
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Data mining can be used for each of the following purposes, except:
A) develop profiles of a firm's best customers B) develop profiles of customers who tend to purchase competing brands C) identify current customers who fit the profile of a firm's best customers D) identify current customers who would be good prospects for cross-selling other products
When an affiliate in one country does business with customers in another, it is operating in the foreign environment.
Answer the following statement true (T) or false (F)
Global fund-raising requires a presence of ______.
A. volunteers B. surplus wealth C. health organizations D. agricultural products
Which of the following is not true regarding the fair value option for marketable securities and derivatives?
a. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives in Other Comprehensive Income. b. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives, but they have no effect on any lines of the statement of cash flows. c. Firms using the fair value option mark the carrying value of the asset to fair value each period. d. If the change in fair value of the derivative decreases carrying value, then the firm reports the amount of that decrease as a loss during the current period. e. If the change in fair value of the derivative decreases carrying value, then the cash flow from operations sections shows a subtraction for the loss.