The description of the relation between a company's assets, liabilities, and equity, which is expressed as Assets = Liabilities + Equity, is known as the:

A. Income statement equation.
B. Accounting equation.
C. Return on equity ratio.
D. Business equation.
E. Net income.


Answer: B

Business

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Once a deferred tax asset valuation allowance is established, it can be either increased or decreased in future years.

Answer the following statement true (T) or false (F)

Business

When comparing one product offering to the next-best-alternative, value elements where there are apparent differences are termed _______

a. points of parity b. points of difference c. value word equations d. points of contention

Business

For mental-stimulus-processing, recipients must be physically present in the service factory

Indicate whether the statement is true or false

Business

Define human resource management? Why is it important?

What will be an ideal response?

Business