Sports Data Stream Inc

question 14

Multiple Choice

Sports Data Stream Inc. is a start-up business. To obtain financing, the corporation makes use of a cooperative activity in which people network and pool funds and other resources via the Internet. This is

• A)the issuance and sale of securities.
• B)private equity capital.
• C)venture capital.
• D)crowdfunding.

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Definitions:

Inventory Account

A financial account that tracks the cost of inventory a company has purchased to sell, including raw materials, work-in-progress, and finished goods.

FOB Destination

A shipping term indicating that the seller bears the transportation cost and risk until the goods are delivered to the buyer's location.

Sales Discount

A sales discount is a reduction in the price of goods or services offered by a seller to a buyer, typically to encourage early payment or bulk purchases.

Perpetual Inventory

An inventory system that updates item records continuously as transactions occur.