Question 21 What are the results of the physical count are compared to? Not yet answered Marked out of 1.00 Select one: a. last year's count P Flag question O b. the computer (or book) count c. balance sheet value O d. last quarter's count Question 22 Not yet answered How is a formal promissory note in acknowledgment of a customer's debt classified? Marked out of 1.00 Select one: O a. as a note receivable Flag question O b. as a loan O c. as an account receivable d. as a long-term receivable Question 23 Which of the following statements regarding voting rights is NOT true? Not yet answered Marked out of 1.00 Select one: a. Preferred stock generally does not carry voting rights. Flag question b. Shareholders generally get to vote on who is part of the corporate Board of Directors. c. Corporate shareholders are prohibited from casting their vote online. O d. Generally each share of common stock equals one vote. Question 24 Which of the following statements about the amortization of a loan is true? Not yet answered Marked out of 1.00 Select one: O a. 50% of each payment is for interest while the rest is applied to the principal balance. Flag question b. All of these answers. C. Amortization is the process of paying off a debt over time through regular payments. d. A loan is fully amortized once the amortization schedule is drafted. O What is another name for the balance sheet? Question 25 Not yet answered Marked out of 1.00 Select one: O a.statement of cash position O b. statement of assets Flag question O c. statement of financial position O d. statement of revenue Question 26 Which one of these is an example of when employees would use a company's financial statements? Not yet answered Marked out of 1.00 Select one: a. before discussing a raise O b. before deciding whether to work for a company or not Flag question c. before making a collective bargaining agreement O d. all of these answers