Which of the following is NOT a difference between sole trader and company financial statements?
a) A tax expense will be shown in company financial statements but not in sole trader financial
statements.
b) Sole trader financial statements show drawings as a deduction from capital, whereas
company financial statements show dividends to shareholders.
c) Expenses are more likely to be aggregated into categories in company financial statements,
whereas they are less likely to be so in sole trader financial statements.
d) Non-current assets are shown at the top of the statement of financial position in company
financial statements, but not in sole trader financial statements.
d) Non-current assets are shown at the top of the statement of financial position in company
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Which of the following characteristics is NOT common to all four of Darden Restaurants' supply channels?
A) supplier qualification B) product tracking C) independent audits D) refrigeration E) just-in-time delivery
An employee is entitled to the reasonable value for services performed if no fee was agreed upon
Indicate whether the statement is true or false