What is the importance of owners' equity in accounting?
What will be an ideal response?
Answer: Owners' equity is considered important because it is used to indicate a company's financial strength and stability. Before making loans to a company, for example, lenders want to know the amount of owners' equity in it.
Explanation: Owners' equity is considered important because it is used to indicate a company's financial strength and stability. Before making loans to a company, for example, lenders want to know the amount of owners' equity in it.
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Which of the following sources is a part of the Internet accessed through a graphical user interface and contains documents often connected by hyperlinks?
A) the World Wide Web B) books C) reference materials D) journals
A cash receipts journal is a special journal used to record all cash transactions
Indicate whether the statement is true or false
Which of the following is a reason why an automated purchasing system is beneficial?
a. It applies preloaded specifications and materials lists to the system. b. It automatically flags invoices that do not reconcile with purchase orders. c. It creates change orders and analyzes variances from purchase orders. d. All of the above.
Which type of leadership gives no feedback and makes little effort to help followers satisfy their needs?
A. charismatic B. transactional C. laissez-faire D. democratic