If you cut up your credit card, the account is effectively closed

The largest single source of external equity capital for small businesses is ________

A) angels B) venture capitalists C) Small Business Administration loans D) the stock market (i.e., "going public")

Lyon Corp reported income from continuing operations before taxes of $774,000 and income from discontinued operations of $198,000. Lyon also reported $77,000 of unrealized gains from fair value accounting adjustments recorded as other comprehensive income. The company is subject to a 35% tax rate and reports no permanent differences

Prepare a partial income statement including comprehensive income. What will be an ideal response?