In the Context of Funding Options for Small Businesses, the _____

question 27

Multiple Choice

In the context of funding options for small businesses, the _____ assists entrepreneurs by partially guaranteeing loans from local commercial lenders.

• A) Federal Reserve
• B) Patent and Trademark Office
• C) U.S. Small Business Administration
• D) Department of the Treasury

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Definitions:

Contra-Asset

An account that reduces the value of an asset account with which it is paired, used to account for allowances, depreciations, or impairments.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset over its useful life to date.

Contra-Asset

An account that decreases the balance of its associated asset account through a contra entry.

Supplies

Consumable items used in day-to-day operations of a business or office, such as stationery, paper, and cleaning products.