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Question
Walter knows the result of the equation Sales-Expenses = Profits can be found on the:
a. cash flow
b. income statement
c. retained earnings
d. balance sheet
Answer
This answer is hidden. It contains 1 characters.
Related questions
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a. True
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A market is best defined as a geographical area that is of commercial interest to the entrepreneur.
a. True
b. False
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a. True
b. False
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a. True
b. False
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What are the qualifications of partners?
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Liability on the part of an owner that extends beyond the owners investment in the business
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b. accrued expenses.
c. owners' long-term debt.
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a. money borrowed from others, money invested by the owners
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c. accumulated depreciation, asset value
d. net profit, retained earnings
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In order to derive a cash flow statement, the owner must add back the _____ to the income statement.
a. depreciation expense
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a. marketing plan.
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d. 12 months