After the temporary owner's equity and drawing accounts are transferred to the permanent owner's equity account, which of the following accounts will have a balance?
a. Expenses
b. Revenues
c. Owner's Capital
d. Income Summary
c
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The _____ believe that it takes a long time for prices and wages to change to restore equilibrium in an economy.
A. Keynesians B. classical economists C. monetarists D. institutional economists
________ is a statute that relieves medical professionals from liability for ordinary negligence when they stop and render aid to victims in emergency situations.
A. A Good Samaritan law B. Assumption of the risk C. The duty of care D. Res ipsa loquitur
Life-cycle analysis involves:
A. Increasing productivity while improving the environment. B. Reducing recycling costs for disposable products. C. Accurately recording the production costs at each stage of a product's life cycle. D. Collecting information regarding the lifelong environmental impact of a product, from extraction to disposal.
Social Security provides the average retired wage earner (who is married) with _________ percent of the wages he or she was earning in the year before retirement.
a. 20 to 40 b. 30 to 50 c. 40 to 60 d. 60 to 80 e. 100