A ten-year lease obligation appears on the balance sheet of Generic Products Company. How would it most likely be classified on the balance sheet?
a. Current asset
b. Long-term liability
c. Long-term asset
d. Contra-liability
b
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Use a ________ to show frequency or distribution of parts in a whole
A) line chart B) bar chart C) histogram D) flowchart E) pie chart
Which of the following suggests your expectations determine how you evaluate your interactions with others?
A. in-and-out group theory B. expectancy violations theory C. social exchange theory D. expectancy violations theory and social exchange theory
The ________ is always the hypothesis that is tested, but can never be accepted based on a single test
A) alternative hypothesis B) random hypothesis C) null hypothesis D) standardized hypothesis E) incidence of difference
Krishna and Ravi operate a sari store as a partnership. They agree privately that they will not order supplies over $10,000 without both signatures. When Krishna is on vacation, Ravi orders $20,000 worth of silk
Krishna objects to paying the supplier and wants to return the shipment. The supplier sues the partnership. Which of the following is true? A) the partnership must pay the supplier because private restrictions don't affect outsiders to the partnership B) the partnership must pay because it owes a fiduciary duty to the supplier C) the partnership does not have to pay because Ravi exceeded her authority D) the partnership does not have to pay because Ravi exceeded her apparent authority. E) the supplier has to take back the shipment since there were not two signatures on the contract