Is a bank loan considered to be a long-term liability?
A) No,a bank loan is just a liability
B) Yes,a bank loan is considered to be a long-term liability
C) It depends on the interest-free length of the loan
D) All of these choices
Correct Answer:
Verified
Q8: The formula for gross profit is:
A)Cost of
Q9: The formula for owners' equity is:
A)assets minus
Q10: The term 'current assets' includes:
A)cash and accounts
Q11: What is a break-even analysis?
A)The method of
Q12: If an entrepreneur is doing regression analysis,they
Q14: The balance sheet is:
A)an itemised statement listing
Q15: Financial information:
A)quantifies all the assumptions and historical
Q16: Which of the following are true about
Q17: Which of the following are true about
Q18: Most income statements cover:
A)a ten-year interval
B)a one-year
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