Another name for equity is:
A. Net loss.
B. Net income.
C. Revenue.
D. Expenses.
E. Net assets.
Answer: E
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Keith and Jim are partners. Keith has a capital balance of $47,000 and Jim has a capital balance of $32,000. Jim sells $15,000 of his ownership to Bill. Which of the following is TRUE of the journal entry to admit Bill?
A) Bill, Capital will be debited for $17,000. B) Jim, Capital will be debited for $17,000. C) Jim, Capital will be credited for $15,000. D) Bill, Capital will be credited for $15,000.
Use of market transfer prices
a. is the only acceptable approach in a free enterprise economy. b. usually does not cause the selling division to ignore negotiating attempts by the buying division. c. may cause an internal shortage of materials. d. usually does not work against the operating objectives of the company as a whole.
Identify the three main types of sources to be used in research, and when each use is most appropriate
What will be an ideal response?
People who happen to have a skill set needed for an international assignment but who are not citizens of either the home or host country are known as ______ nationals.
A. parent-country B. host-country C. home-country D. third-country