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The Bookstore Café Is a Small Restaurant Located in a Downtown

Question 42

Multiple Choice

The Bookstore Café is a small restaurant located in a downtown business district.It is opened for breakfast and lunch and serves simple yet nutritious meals as well as books from the New York Times bestseller list.How would you categorize the book inventory,cooking equipment,tables,chairs and the register?


A) as retained earnings
B) as assets
C) as current liabilities
D) as investor capital
E) as owners' equity

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