Which of the following need not be completed separately if a worksheet is prepared?
A. a statement of owner's equity
B. an income statement
C. a trial balance
D. a balance sheet
Answer: C
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Janice Greyson was visiting the condo development, Rushing Springs, to see her nephew. As she walked across the grassy area in between major building of the development, she tripped and fell in a sink hole in the grass. She suffered a broken ankle. Who is liable for her injury?
A) No one is liable because she is not an owner B) Janice's nephew would be liable because he invited her there C) The condo association is liable for her injuries, but only if it was aware of the sink hole D) The condo association is liable for her injuries because of a duty to maintain common areas
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