What kind of liability is a 30-year mortgage on your company's office building?
What will be an ideal response?
A 30-year mortgage is a long-term liability. A long-term liability can be paid over a period of time longer than one year.
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Which of the following is true about the 1933 and 1934 securities acts?
A) The 1933 Act covers securities listed on stock exchanges, and the 1934 Act covers nonlisted securities. B) The 1933 Act covers the initial issuance and subsequent trading of stocks, and the 1934 Act covers the initial issuance and subsequent trading of bonds. C) The 1933 Act covers the initial issuance of securities, and the 1934 Act covers the subsequent trading of securities. D) The 1934 Act superseded the 1933 Act and covers all aspects of securities issuance and trading.
Activities within a business process are shown in ________
A) circles B) rectangles with rounded corners C) squares D) diamonds with rounded corners