The value of things you own minus the amount of money you owe others is called:
A) leverage.
B) equity.
C) liquidity.
D) liabilities.
Correct Answer:
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Q41: Bookkeepers would normally be involved with:
A)recording business
Q42: Horst works as an accountant for a
Q43: The individuals in a firm that are
Q44: Rent,amortization,and salaries are all examples of:
A)expenses.
B)owners' equity.
C)liabilities.
D)assets.
Q45: Patents and copyrights would be classified as:
A)intangible
Q47: A cash flow statement reports cash receipts
Q48: Which key provision of the Sarbanes-Oxley act
Q49: Return on sales divides _ by _.
A)net
Q50: Hap owns and operates a small business
Q51: April works in the accounting department at
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