Which of the following is an advantage of incorporation?

a. limited access to capital

c. limited liability

b. unlimited liability

d. short life of the company

Which of these activities provides an example of positive parenting? A.) Mariah strictly disciplines and punishes bad behavior in children. B.) Kate assigns responsibilities from a young age to modify children's behavior. C.

The economic entity assumption requires that the activities of an entity be kept separate and distinct from the activities of its owner and all other economic entities. a. True b. False

Just cazuals, a brand of street wear in california, recently advertised its newly launched line of clothing.

All of the following are expenses associated whit home ownership that should be planned for early in the process except: A. Mortgage payments B. Closing costs C. Property taxes D. Dependable source of income

Amber had been struggling to come up with a creative idea for her marketing proposal for weeks. Frustrated, she decided to leave her office and go for a hike in the mountains to clear her mind.

The payment of a note payable plus the accrued interest would be recorded in the a. cash payments journal. b. general journal. c. purchases journal. d. sales journal.

There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending University B rises. It follows that educational services at the two universities are

From the bank reconciliation, no entry was recorded for deposits in transit. This would cause A. assets to be overstated. B. assets to be understated. C. no impact since deposits in transit are already included in the balance per books. D.

An employee's gross yearly salary is $42,500. If the employee is paid monthly, how much will the gross pay be?

For a perfectly competitive firm, which of the following is NOT true? A. The total revenue curve begins at the origin and slopes upward as output increases. B. The slope of the total revenue curve is equal to the product price. C.