Which of the following is normally true in relation to assets or liabilities to the wealthy or middle class?
a. The wealthy buy assets that generate liabilities.
b. The wealthy incur liabilities that will lead to assets.
c. The middle class acquire assets that generate liabilities.
d. The middle class incur liabilities that will lead to asset.
c
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Which of the following entries would be made to record the purchase of inventory on account, if a company uses the perpetual inventory system?
A) a debit to Purchases and a credit to Accounts Payable B) a debit to Accounts Payable and a credit to Purchases C) a debit to Merchandise Inventory and a credit to Accounts Payable D) a debit to Accounts Payable and a credit to Merchandise Inventory
Why is geography important to most regional trade agreements? Provide examples of RTAs to illustrate your answer
What will be an ideal response?