Which best describes the situation involving a borrower who promises to pay back a loan in specific amounts during specific periods of time? A. Short-term financing. OB. Term-loan agreement. OC. Equity financing OD. Debt to owners' equity ratio. QUESTION 14 The accounting profession uses established norms for calculations to help ensure for the accuracy of information. These norms are best described as? O A. GAAP. OB. Ratio analysis. OC. Double-entry bookkeeping. OD. Debt to owners' equity ratio. QUESTION 15 A recap of all of the financial data in the ledgers that helps make certain entries are correct. This is best described as? O A. Balance sheet. OB. Financial control. O C. Trial balance. OD. Financial statements. Which of the following does not describe revenue? A. If a company earns interest on an investment, that interest can be an example of the company's revenue. OB. Revenue part of the income statement. OC. Revenue always equals sales. OD. If a company rents space in a building to tenants, the money the tenants pay to the company can be considered an example of the company's revenue. QUESTION 17 The strategy of borrowing money by a company, to improve the chances the company can increase the percent gain of the investment (i.e. profits) is called: A. Leverage. B. Financial management strategy. OC. Term loan agreement. OD. Commercial paper. QUESTION 18 Which is not true about the secondary markets? A. The financial gains of a sale do not go to the company whose stock is sold. OB. The marketplace where investors trade securities among themselves. OC. The marketplace where IPOs are sold. OD. The financial gains of a sale goes to the investor who sold the stock