A joint venture establishes a new business that is:

The market boundary is:

A) an agreed-upon boundary beyond which competition will not sell. B) the extent of a market area. C) a location beyond which a source cannot supply. D) the line between two or more supply sources where the landed cost is the same. E) a legal limitation placed on the delivery of goods.

The formula for the basic accounting equation is

A) TOTAL ASSETS = TOTAL LIABILITIES - OWNER'S EQUITY. B) TOTAL ASSETS = TOTAL LIABILITIES + OWNER'S EQUITY. C) TOTAL LIABILITIES = TOTAL ASSETS + OWNER'S EQUITY. D) OWNER'S EQUITY = TOTAL LIABILITIES - TOTAL ASSETS. E) OWNER'S EQUITY = TOTAL ASSETS + TOTAL LIABILITIES.