When a company must pay for ads that refute false claims it had made in previous ads, it is called a(n):

How are the differing claims of creditors and investors recognized by a corporation?

A. The claims of creditors are liabilities; those of investors are assets. B. The claims of both creditors and investors are liabilities, but only the claims of investors are considered to be long term. C. The claims of creditors are liabilities; the claims of investors are recorded as stockholders' equity. D. The claims of creditors and investors are considered to be essentially equivalent.

A type I error is described as which of the following?

a. the error of saying that there is no difference when there is a difference b. the error of saying that there is a difference when there is not a difference c. the error of saying that two variables are the same d. the error of incorrect standard deviation e. none of these