The connecting link between the income statement and balance sheet

a. Income statement
b. Balance sheet
c. Statement of owner's equity
d. Statement of cash flows

Ans: c. Statement of owner's equity

Business

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The terms of an invoice are 3/10, n/25. This means that a ________

A) discount of 10 percent is allowed if the invoice is paid within three days B) discount of 3 percent is allowed if the invoice is paid within 10 days C) discount of 25 percent is allowed if the invoice is paid within 10 days D) discount of 3 percent is allowed if the invoice is paid after 25 days

Business

A good positioning should contain points-of-difference and points-of-parity that have rational but not emotional components

Indicate whether the statement is true or false

Business