The percentage of liabilities in a company's assets plus the percentage of owners' equity in its assets is always equal to 100
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: By definition, assets equal liabilities plus owners' equity.
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Select the term from the list of terms that best matches the description provided.
What will be an ideal response?
The market rate of interest for a bond issue that sells for more than its par value is
a. less than the rate stated on the bond. b. equal to the rate stated on the bond. c. higher than the rate stated on the bond. d. independent of the rate stated on the bond.
Which of the following appears on both the statement of retained earnings and the balance sheet?
A) Ending retained earnings B) Total assets C) Total revenues D) Net income
It is much easier to return a product to an online retailer than to a traditional bricks and mortar seller
Indicate whether the statement is true or false.