When an event has to occur before a party is obligated to perform is a ________

Steven and Emily Campbell are planning to open a casual dining restaurant in downtown Akron, Ohio, and need $125,000 to get started. They have $50,000 of their own money, which leaves $75,000

After getting turned down by a couple of banks, they decided to turn to their relatives and acquaintances for help. Fortunately, they were able to raise the money through a gift from Steven's grandfather, a loan from Emily's parents, and a small investment by Steven's best friend in college, Doug. The money that an entrepreneur raises in this manner is referred to as ________. A) friends and family B) bootstrapping C) networking money D) compassion money E) legacy money

Changes in retained earnings can result from:

A) purchasing equipment. B) net income or net loss. C) paying down debt. D) All of these answers are correct.