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The Bookstore Café Is a Small Restaurant Located near a Downtown

Question 26

Multiple Choice

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


A) Assets
B) Current liabilities
C) Investor capital
D) Owners' equity
E) Retained earnings

Correct Answer:

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