A classified balance sheet differs from an unclassified balance sheet in that:
A. A classified balance sheet will include more accounts than an unclassified balance sheet for the same company on the same date.
B. A classified balance sheet is not usually provided to outside parties.
C. An unclassified balance sheet is never used by large companies.
D. A classified balance sheet groups items into the broad categories of asset, liability, and equity.
E. A classified balance sheet presents information in a manner that makes it easier to calculate a company's current ratio.
Answer: E
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Which of the following is a personal characteristic that influences an individual's buying decisions?
a. Lifestyle b. Culture c. Motivation d. Learning
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Kamal is looking for a part-time job. He has several acquaintances who have worked for SlamDogs Burgers and Dogs, a restaurant chain. They say that the company pays well, has a good company culture, and treats its employees with respect. Plus, its high quality and affordable food and the cleanliness of its establishments make it extremely popular with the public-in fact, Kamal loves going to SlamDogs and has eaten there on a regular basis since he was a child. Kamal thinks SlamDogs sounds like a good place to work and decides to fill out an application. What can you deduce based on his decision?
A. His trust in the company reflects the fact that he is naïve and has a natural "faith in human nature." B. His decision is rational and is based on subjective as well as objective information about the company. C. His information is subjective; he really has no way of knowing if SlamDogs would be a good place to work. D. His decision is mainly emotional and is based on his affection for the company and his personal experience there. E. Kamal has a high trust propensity because he trusts the word of his friends.