What are three characteristics of spontaneous, unplanned coaching opportunities (also known as teachable moments)?

Operating losses incurred during the start-up years of a new business should be

a. accounted for and reported like the operating losses of any other business. b. written off directly against retained earnings. c. capitalized as a deferred charge and amortized over five years. d. capitalized as an intangible asset and amortized over a period not to exceed 20 years.

A subdivision map

a. rarely accurate b. good only to describe the entire subdivision c. never required d. a good reference for legal description