What is the typical profile of the crowdfunding backer?
a. retirees who enjoy the more direct form of investment
b. young 24- to 35-year-olds who have an income over $100,000 a year
c. 40- to 60-year-olds with incomes over $250,000
d. millionaires looking to help the social good
b. young 24- to 35-year-olds who have an income over $100,000 a year
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Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss. Zach Company's entry would include a
a. credit to cash for $9,000 b. debit to the investment account for $9,000 c. credit to the investment account for $9,000 d. credit to a loss account for $9,000
Which of the following is not a common test of control for marketable securities?
a. Review the minutes of the board meetings. b. Review broker's advice for accurate recording of security c. Inquire of management about its process for reclassifications. d. Review reports of internal audits.
How can nonprofits operating internationally structure their marketing function?
What will be an ideal response?
Eden Valley Ranch and Farm Supply Corporation enter into a contract for a sale of fencing materials. Farm Supply, a merchant who deals in goods of the kind, makes implied and express warranties in connection with the sale. Under the UCC, if these are inconsistent
a. all implied warranties displace all express warranties. b. all express warranties displace all implied warranties. c. the implied warranty of fitness for a particular purpose takes precedence. d. the implied warranty of merchantability takes precedence.