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NEW QUESTION: 1
Which of the following is considered a characteristic of equity?
A. None of these answers.
B. Equity represents a claim against a business that is senior to liabilities.
C. Compensation to the holders of equity takes precedence over that required to the holders of liabilities.
D. Equity represents the residual ownership of a business.
E. All forms of equity must ultimately be repaid by a business.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Equity refers to the claims of the owners of a business. Equity investors expose themselves to greater risk than the holders of liability claims because owner's claims are junior to liability instruments. Equity claims against income and assets are last in line; thus, they are residual.
NEW QUESTION: 2
Which of the following is/are advantage(s) of Living Trust?
A. All except (ii)
B. None of the above
C. Only (iii)
D. All of the above
Answer: D
Explanation:
Topic 4, Volume D
NEW QUESTION: 3
You have a service published to a website.
When you connect to the website, you receive the following data.
You need to create a query that retrieves the Categories data and the Customers data.
Which type of source should you use?
A. XML
B. JSON
C. OData Feed
D. Text/CSV
Answer: A
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