Which of the following statements is true about assets?
a. They are economic resources owned or controlled by the business.
b. They are expected to provide future benefits to the business.
c. They appear on the balance sheet.
d. Claims on them can be shared between creditors and owners.
e. All of these.
Answer: e. All of these.
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The McNickles article, Since We Elected an African American President Twice…, explains that
a. there is still considerable racism in the U.S. b. that Obama's elections are examples of the end of racism as we know it. c. that whites and African-Americans now have very similar perceptions about racism and race relations. d. All of the above
Which of the following is not one of the requirements for granting of a patent?
a. quality b. utility c. novelty d. nonobvious e. all of the above