A critique of the _____ model is that creating surplus ethical sensitivity that soars above legal duty is impractical and unnecessary.

Unearned revenue, for services to be performed in six months, appears on the balance sheet as ________

A) long-term investments B) current liabilities C) current assets D) long-term assets

All of the following are true in defining a corporation as a legal entity, EXCEPT

A) Stockholders have a direct ownership interest in the real estate. B) It is managed by a Board of Directors. C) It continues to exist until formally dissolved. D) Profits are taxed on two levels: as corporation profit and as dividends to stockholders.