A businessperson who enters into a contract with an investor on behalf of a future corporation is not personally liable on the deal, even though the firm is not yet formed, because the nature of investment is risk.
Answer the following statement true (T) or false (F)
False
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When analyzing foreign statements, all of the following are accurate positions of non-current liabilities listings except:
a. After total equity b. Before current liabilities c. After share capital d. After current liabilities
Which of the following are major functions of the plasma membrane? Select all that apply.A) separation of the fluid environments inside and outside the cellB) regulation of molecules and ions that pass into and out of the cellC) recognition and communication between different cells and tissuesD) maintaining connections between adjacent cellsE) production of proteins used in construction of the cell wall
What will be an ideal response?
In comparing management accounting with financial accounting, which of the following statements is true?
a. Both use historical costs as their primary unit of measurement. b. Both depend on the double-entry system of accounting. c. Both require adherence to GAAP. d. Financial accounting reports are more objective, whereas management accounting reports are more subjective.
Examples of one-time items include
A) nonoperating items. B) uncollectible accounts receivable. C) warranty claims. D) environmental cleanup costs.