Which type of business organization is subject to initial legal requirements?
A) Sole proprietorship
B) Limited liability corporation
C) "C" corporation
D) None of the above
C
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One effect of recognizing depreciation is to decrease net income
a. True b. False Indicate whether the statement is true or false
Which of the following statements regarding the inclusion of liabilities on the statement of cash flows is true?
a. All current liabilities affect the operating activities section. b. Long-term liabilities generally affect the investing activities section. c. A decrease in a current liability from the beginning to the end of the year is accompanied by a decrease of cash. d. A decrease in a current liability from the beginning to the end of the year is accompanied by an inflow of cash.
The airline and hospitality industries use ________, by which they offer discounted but limited early purchases, higher-priced late purchases, and the lowest rates on unsold inventory just before it expires
A) special-customer pricing B) yield pricing C) cash rebates D) location pricing E) customer-segment pricing
Creditors that violate the Consumer Lease Act are subject to the civil and criminal penalties provided in the ________ Act
A) Truth-in-Lending B) Fair Credit Billing C) Fair Credit and Charge Card Disclosure D) Fair Debt Collection Practices