The Aristocrat Corporation has taken out a loan to buy manufacturing equipment.The loan represents ________ for the company.
A) an asset
B) a liability
C) a bond
D) equity
Correct Answer:
Verified
Q191: Implicit costs are _ and explicit costs
Q192: A nonmonetary opportunity cost is
A)an implicit cost.
B)an
Q193: A firm's accounting profit is measured as
A)revenue
Q194: Harry's Hookahs incurs $700,000 per year in
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Q197: If a firm has implicit costs as
Q198: An income statement shows a firm's revenue,costs,and
Q199: Assets minus liabilities equals
A)accounting profit.
B)economic profit.
C)net worth.
D)implicit
Q200: A firm's net income is also its
Q201: Tying the salaries of top managers to
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