What is balanced in a balance sheet?
What will be an ideal response?
Answer: A balance sheet shows a balance between a firm's assets and liabilities plus owners' equity, per the "accounting equation."
Explanation: A balance sheet reports a firm's financial condition at a given time by showing its assets, liabilities, and owners' equity. It is called a balance sheet because it shows a balance between a firm's assets and liabilities plus owners' equity.
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A form of business organization in which new business units are developed within a larger corporation structure in order to deploy the firm's resources to market a new product or service is referred to as
A) a spin-off. B) intrapreneurship. C) franchising. D) a corporation.
When a business with an established name and product is sold to additional owners along with the rights to distribute the product, which type of operation is created?
A) Intrapreneurship B) Spin-off C) Franchise D) Partnership