A formal statement of the assets, liabilities, and owner's equity of a business at a specified date is known as a(n)
a. balance sheet.
b. income statement.
c. statement of owner's equity.
d. statement of cash flows.
a
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Sandy is the owner of ABC Loan Company. On June 2, 2017, ABC loaned Randy $80,000. In 2018, Randy filed for bankruptcy. At that time, the bankruptcy court indicated that Randy's creditors could expect to receive 30 cents on the dollar. In August 2019 final settlement was made, and ABC received $20,000. ABC's policy is to deduct losses as soon as permitted. How much loss can ABC deduct and in which year?
What will be an ideal response?
A centralized database that contains all diagrams, forms and report definitions, data structure, data definitions, process flows and logic, and definitions of other organizational and system components best describes a(n):
A) information safe. B) code generator. C) repository. D) data generator. E) project database.
Perpetual transfer method provides for transferring
a. Files to inactive storage as a project or case is completed. b. Files continuously between inactive and active storage until all documents have been used in activities such as a project or case. c. Files at intervals until a project or case has been completed. d. None of the above.
Before accessing a remote resource, a user or system administrator must know the server and resource names to create a ____
a. dynamic connection b. local connection c. mapped connection d. static connection