Which of the Following Is a Disadvantage of a Start-Up

question 94

Multiple Choice

Which of the following is a disadvantage of a start-up?

• A) It cannot begin with a "clean slate."
• B) It cannot easily gain revolving credit.
• C) It does not provide the owner with the opportunity to use the most up-to-date technologies.
• D) It cannot provide new,unique products or services.

Familiarize with the accounting treatment and journal entries related to fixed asset transactions.

Recognize the adjustments needed when changes occur in the estimated useful life or residual value of an asset.

Understand the concept and application of depletion in accounting for natural resources.

Identify and calculate different methods of depreciation for tangible assets.

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Definitions:

Marital Status

A legally defined condition of an individual in relation to marriage, such as single, married, divorced, or widowed.

U.S. Laws

The body of law in the United States, which includes federal and state statutes, regulations, and case law.

Civil Rights Act

The Civil Rights Act is landmark legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin, initially aiming to end segregation in public places and ban employment discrimination.

Emotional Distress

A highly unpleasant emotional response (such as anguish, humiliation, fright, or despair) resulting from another's wrongdoing, which may be grounds for a lawsuit in some cases.