Use the following account balances from the adjusted trial balance of ABC Consulting:AccountDebit BalanceCredit Balance Cash 20,500 Accounts Payable 2,000 B. Conway, Drawing 600 B. Conway, Capital 13,000 Fees Revenue 18,000 Salary Expense 2,600 Rent Expense 3,000 Supplies Expense 1,900 Advertising Expense 800 What is the amount that ABC Consulting would report as the ending balance in the B. Conway, Capital account at the end of the year?
A. $22,100.
B. $31,000.
C. $13,000.
D. $3,900
Answer: A
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Polo Ralph Lauren, Tommy Hilfiger, and Wrangler manufacture jeans at plants in Mexico, thanks to the inexpensive labor there and various tax breaks from the Mexican government. These companies are
A. repatriating. B. using maquiladoras. C. countertrading. D. franchising. E. licensing.
The salesperson should answer the prospect's question of "What's in it for me?" with a product advantage.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
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_____ is a residual interest or claim—that is, the owners (shareholders) of a firm have a claim on assets not required to meet the claims of creditors
a. Retained Earnings b. Shareholders' equity c. Additional Paid-in-Capital d. Deficit e. Par Value