Podcast
Questions and Answers
What does the current portion of long-term borrowings contain?
What does the current portion of long-term borrowings contain?
- The installments of long-term borrowings that are payable in one year of the reporting date (correct)
- The total assets of the company
- The interest on long-term borrowings
- The entire long-term borrowing amount
What does equity represent in a business?
What does equity represent in a business?
- The amount invested by creditors in the business
- The total assets of the business
- The total liabilities of the business
- The difference between the total assets and total liabilities that belongs to the owners (correct)
What is the main purpose of a cash flow statement?
What is the main purpose of a cash flow statement?
- To organize cash receipts and payments based on where they come from (correct)
- To determine the profitability of a company
- To prepare the balance sheet
- To calculate the depreciation of assets
What does retained earnings comprise of?
What does retained earnings comprise of?
Why is the cash flow statement advantageous?
Why is the cash flow statement advantageous?
What does the cash flow statement organize cash receipts and payments based on?
What does the cash flow statement organize cash receipts and payments based on?
What is a characteristic of successful entrepreneurs?
What is a characteristic of successful entrepreneurs?
What do entrepreneurs consider as an alternative to failure?
What do entrepreneurs consider as an alternative to failure?
What is a result of the combination of failures and lessons learned by successful entrepreneurs?
What is a result of the combination of failures and lessons learned by successful entrepreneurs?
Which of the following is an example of an entrepreneur who bounced back from failure?
Which of the following is an example of an entrepreneur who bounced back from failure?
What did Henry Ford experience five times?
What did Henry Ford experience five times?
What was the outcome of Steve Jobs' experience with NeXT?
What was the outcome of Steve Jobs' experience with NeXT?
What is the significance of a founder agreement in a startup?
What is the significance of a founder agreement in a startup?
What is the consequence of not structuring a business as a corporation or LLC?
What is the consequence of not structuring a business as a corporation or LLC?
What is the purpose of researching a company name before selecting it?
What is the purpose of researching a company name before selecting it?
What is the analogy used to describe the importance of a founder agreement?
What is the analogy used to describe the importance of a founder agreement?
What is a common mistake startups make when beginning operations?
What is a common mistake startups make when beginning operations?
What is the benefit of establishing a clear business relationship with co-founders?
What is the benefit of establishing a clear business relationship with co-founders?
What is the main purpose of Republic Act No. 8293?
What is the main purpose of Republic Act No. 8293?
What is protected by copyright and related rights?
What is protected by copyright and related rights?
What happens to the copyright of a work when the author dies?
What happens to the copyright of a work when the author dies?
What is the purpose of a trademark or service mark?
What is the purpose of a trademark or service mark?
What is the duration of copyright protection for a work with multiple authors?
What is the duration of copyright protection for a work with multiple authors?
What is automatically granted to authors and artists when they produce their work?
What is automatically granted to authors and artists when they produce their work?
What is the primary revenue model used by social media sites and search engines?
What is the primary revenue model used by social media sites and search engines?
What is promoted content also known as?
What is promoted content also known as?
Why is high-quality data valuable to businesses?
Why is high-quality data valuable to businesses?
What is the primary purpose of lead generation companies?
What is the primary purpose of lead generation companies?
What type of promotion involves placing a logo on a website or sports team jersey?
What type of promotion involves placing a logo on a website or sports team jersey?
What is the primary source of revenue for companies that focus on transactions and intermediation?
What is the primary source of revenue for companies that focus on transactions and intermediation?
