First State Bank loaned Big Roar, a motorcycle manufacturer, $1 million taking a security interest in all of Big Roar's equipment that is presently owned and would be acquired later. This security agreement is void because the security interest purports to attach to equipment that Big Roar does not possess at present

Resources owned or controlled by a company that are expected to yield future benefits are:

a. Assets. b. Revenues. c. Liabilities. d. Owner's Equity. e. Expenses.

Which of the following is true of one-way frequency counts?

a. They simply record the responses to a question. b. They let analysts look at the responses to one question in relation to the responses to one or more other questions. c. They include hypothesis testing and regression analysis. d. They are rarely done in data analysis as they do not provide an in-depth interpretation of the collected data.