The equity section of a firm's balance sheet contains _____.?
A. ?retained earnings
B. ?current assets
C. ?corporate bonds
D. ?dividends
E. ?noncash assets
Answer: A
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List the characteristics that most entrepreneurs have. Suppose you have decided to start a nail salon in a town that does not currently have one. Explain how you will benefit from having each of these characteristics.
What will be an ideal response?
Which of the following would require a debit to the Petty Cash account?
a. The Petty Cash fund is short by $3.50. b. The Petty Cash fund is over by $4.50. c. The Petty Cash account is being increased. d. The Petty Cash account is being decreased. e. The Petty Cash account is being eliminated.
Which of the following documents sets forth the terms and conditions of a franchise?
A) the FTC disclosure document B) the franchise agreement C) the articles of incorporation D) the articles of organization
Activity-based costing refines the cost allocation process even more than traditional allocation costing systems
Indicate whether the statement is true or false