The balance sheet item that represents the portion of owners' equity resulting from profitable operations of the business is:
A. Accounts receivable.
B. Cash.
C. Capital stock.
D. Retained earnings.
D
Business
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Excellent, Inc sells accounting textbooks
The following information summarizes Excellent's operating activities for the year: Merchandise Inventory, January 1 $10,000 Merchandise Inventory, December 31 7,000 Purchases 95,000 Selling and Administrative Expenses 65,000 Sales Revenue 180,000 Required: Prepare Excellent, Inc's income statement for the year ended December 31. What will be an ideal response
Business
Name the three kinds of customer turnoffs described in the chapter. Who, in an organization, is primarily responsible for each?
What will be an ideal response?
Business