Net income is equal to:
a. Assets minus Liabilities
b. Revenues and Gains minus Expenses and Losses
c. Shareholders' Equity minus Assets
d. Revenues and Assets minus Expenses and Liabilities
B
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Net neutrality refers to the idea that Internet service providers (ISPs), including cable Internet and wireless carriers, should treat all data on the Internet in the same manner, and not discriminate or price differentially by content, protocol, platform, hardware, or application.
Answer the following statement true (T) or false (F)
The statement "This house paint will last five years" can be an express warranty
Indicate whether the statement is true or false
Barbara, a skilled engineer, was hired at Mainco Enterprises. She was asked to sign a noncompete clause limiting future employment if she left Mainco. A court would be likely to enforce the noncompete clause if it was put into place to protect trade secrets or confidential information
Indicate whether the statement is true or false
Of the following statements, which is not an advantage of using credit?
A) Using credit wisely creates stability and allows you to establish a favorable credit history. B) Buying today and paying tomorrow seems ideal, but continual spending can lead to financial problems. C) Using credit is safe since using charge accounts and credit cards when you shop and travel is safer than carrying large amounts of cash. D) Credit cards permit the purchase of goods even when cash funds are low.