Which of the following is an alternate form of the accounting equation?
a. Assets - Liabilities = Stockholders' Equity
b. Revenues - Expenses = Net Income
c. Assets = Liabilities - Stockholders' Equity
d. Expenses - Dividends = Net Income
a. Assets - Liabilities = Stockholders' Equity
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Macroenvironmental trends influence the product market. A local bookstore is planning expansion. Which of the following macroenvironmental trend will not be a deciding factor in conducting a market analysis?
a. Increased online purchasing. b. Price cuts by a supermarket selling books. c. Environmental agencies advocating reduced consumption of paper. d. A new government regulation mandating a 5% increase in bookstore employee wages. e. Book readers increasingly preferring digital or e-books.
When parties anticipate than various unexpected events may occur and they allocate who shall bear the risk if any of these unexpected events occurs, the contract will include
A) an implied term B) an entire agreement clause C) a force majeure clause D) a warranty E) a fundamental breach clause