The statement of stockholders' equity does not show the changes to the Retained Earnings account because that information is provided in the statement of retained earnings

The sole proprietorship form of business organization

A. must have at least two owners in most states. B. generally receives favorable tax treatment relative to a corporation. C. combines the records of the business with the personal records of the owner. D. is classified as a separate legal entity.

An entrepreneur would like to buy a piece of equipment for his business. The equipment cost

$75,000 and will increase cash flow by $12,000 each year for 15 years. What is his IRR? A) 8.00% B) 13.65% C) 12.25% D) 10.92%