Revenue, expenses, and withdrawals are subdivisions of:
A) assets.
B) liabilities.
C) owner's equity.
D) All of these answers are correct.
Answer: C
Business
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As part of the rapid globalization of today's economy, companies are selling more domestically-produced goods in international markets and ________
A) taking a local view of their industry B) purchasing more supplies abroad C) reducing competition within their industry D) downplaying concerns for social responsibility E) competing solely in traditional marketplaces
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Defined benefit pension plans are
a. those defined by Webster. b. now generally illegal. c. provide for fixed periodic payments to be made to retirees. d. cannot legally exist if there is a defined contribution plan.
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