The type of agency practiced in which there is only ever one client is

Janus, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2017. The bonds mature 20 years from the date of purchase. Janus plans to hold the bonds until maturity. How does the March 30, 2017 transaction affect the accounting equation?

A) liabilities will increase B) equity will decrease C) long-term assets will decrease D) total assets will remain unchanged

Which of the following is a disadvantage of a start-up?

A. It cannot begin with a "clean slate." B. It cannot easily gain revolving credit. C. It does not provide the owner with the opportunity to use the most up-to-date technologies. D. It cannot provide new, unique products or services.