Explain how the equity section of a balance sheet differs among sole proprietorships, partnerships, and corporations.
What will be an ideal response?
Owner contributions and retained earnings are combined in a single Capital account on the balance sheets of proprietorships. The financial statement format for reporting partnership equity is similar to that used for proprietorships in that contributed capital and retained earnings are combined. However, a separate capital account is maintained for each partner in the business to reflect each partner's ownership interest. The stockholders' equity section of the balance sheet of a corporation is more complex than proprietorships and partnerships. It includes: (1) dollar amounts of the total par value of the various stock accounts, (2) disclosure of other pertinent details, such as number of shares authorized, issued, and outstanding, (3) the paid-in excess account balances, (4) the amount of retained earnings, as well as any appropriations of retained earnings, if applicable, and (5) the cost of any treasury stock, if applicable.
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Which of the following statements is most likely to be true about identifying your weaknesses?
A) Identifying your weaknesses helps you identify your sellable qualities. B) Being aware of your weaknesses has no benefits. C) Knowing your weaknesses helps you identify areas for improvement. D) Recognizing your weaknesses helps you in identifying an appropriate job location for you. E) Recognizing your weaknesses is counterproductive and wastes time.
The Wagner Act was passed in_____________ to protect the rights of workers and allow them to organize into unions.
a. 1909 b. 2002 c. 1935 d. 2011
“Culture consists of patterns, explicit or implicit, of and for behavior acquired and transmitted by symbols, constituting the distinctive achievements of human groups, including their embodiments in artifacts; the essential core of culture consists of traditional (i.e. historically derived and selected) ideas and especially their attached values; culture systems may, on the one hand, be considered as products of action, and on the other as conditioning elements of further action.” This definition of culture was proposed by______ after analyzing 160 definitions of the concept of culture.
*a. Kroeber and Kluckhohn (1952) b. Geer Hofstede (1980) c. Inkels and Levinson (1969) d. Pekerti and Thomas (2003)
________ segmentation is used when the firm can identify a group of consumers with common needs and wants that spans the entire globe.
Fill in the blank(s) with the appropriate word(s).