Anything owed by a person or a firm is
A) an asset.
B) a liability.
C) a bond.
D) equity.
Correct Answer:
Verified
Q178: What is accounting profit?
A)gross revenue minus explicit
Q179: Mutual funds give individual investors a low-cost
Q180: An explicit cost is
A)a nonmonetary opportunity cost.
B)a
Q181: Tanesha sells homemade candles over the Internet.Her
Q182: Tanesha sells homemade candles over the Internet.Her
Q184: Jake sells Star Wars memorabilia on eBay.His
Q185: Jake sells Star Wars memorabilia on eBay.His
Q186: A nonmonetary opportunity cost is called a(n)_,
Q187: Because a firm has implicit costs as
Q188: An implicit cost is
A)a nonmonetary opportunity cost.
B)a
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