A balance sheet is designed to show:
A. How much a business is worth.
B. The profitability of the business during the current year.
C. The assets, liabilities, and owners' equity of a business as of a particular date.
D. The cost of replacing the assets and of paying off the liabilities at December 31.
C
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A property description including the words "250 acres, more or less" is
a. fatally defective. b. not definite enough. c. sufficient if reasonably close to the exact acreage. d. incomplete without a metes and bounds description.
Which of the following best explains how consumers make purchase decisions in consumer markets?
A) by analyzing proposals B) by qualifying potential sources C) by assessing the utility of the offered product or service D) by building relationships with suppliers E) by searching for a consumer's surplus