Explain how the equity section of a balance sheet differs among sole proprietorships, partnerships and corporations.
What will be an ideal response?
a. The equity section of a proprietorship's balance sheet contains one account entitled "capital."
b. The equity section of a partnership also contains a "capital" account but for each partner.
c. The capital structure of corporations is more complex than proprietorships and partnerships. The stockholder's equity section of a balance sheet includes dollar amounts of the total par of the stock accounts as well as disclosure of other pertinent details such as number of shares authorized, issued and outstanding. In addition, the paid-in excess of par accounts are listed as well as retained earnings. Any appropriations are also listed with retained earnings and treasury stock, if applicable, normally reported last.
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Answer the following statements true (T) or false (F)
1.The theory of reciprocal demand asserts that as the U.S. demand for Canadian wheat rises, the equilibrium terms of trade improves for the United States. 2.Assume that Canada has a comparative advantage in wheat and a comparative disadvantage in autos. As the Canadian demand for wheat increases, Canada's equilibrium terms of trade improves. 3.The theory of reciprocal demand best applies when two countries are of equal economic size, so that the demand conditions of each nation have a noticeable impact on market prices. 4.The theory of reciprocal demand best applies when one country has a "large" economy and the other country has a "small" economy 5.If two nations of approximately the same size and with similar taste patterns participate in international trade, the gains from trade tend to be shared about equally between them.
The ________ objection is used widely because it politely gets rid of the salesperson.
A. Hidden B. Money C. Source D. Open-ended E. No-need
The purpose of a paragraph is to group topic sentences in logical order for the reader's convenience
Indicate whether the statement is true or false
Burke’s metaphor of choice for offering insights into the planned organizational change process is ______.
A. a machine B. a brain C. a psychic prison D. an organism