Which of the following will be reported on the balance sheet as an asset?
a. prepaid expense
b. salaries payable
c. deferred revenue
d. common stock
e. dividends
Answer: a. prepaid expense
Business
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The creation of a separate relation is sometimes required to represent a relationship
Indicate whether the statement is true or false
Business
Which of the following is NOT one of the three ways to amend a written contract?
a. by writing and signing an amendment (or rider) b. by verbally agreeing to the changes and shaking hands on the deal c. by crossing out the mistakes and writing in the corrections d. by writing a totally new contract with the correct provisions
Business