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1. A balance sheet of a sole proprietorship includes only the business assets and liabilities, not the personal assets of the owner.
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Asked 4/4/2014 3:22:18 AM
Updated 4/4/2014 4:48:55 AM
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Flagged by jeifunk [4/4/2014 4:48:55 AM]
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User: 1. A balance sheet of a sole proprietorship includes only the business assets and liabilities, not the personal assets of the owner.

Weegy: A balance sheet of a sole proprietorship includes only the business assets and liabilities, not the personal assets of the owner. This is FALSE. It also includes owners? equity.
andrewpallarca|Points 34604|

Question
Asked 4/4/2014 3:22:18 AM
Updated 4/4/2014 4:48:55 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by jeifunk [4/4/2014 4:48:55 AM]
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TRUE. A balance sheet of a sole proprietorship includes only the business assets and liabilities, not the personal assets of the owner.
Added 4/4/2014 4:48:55 AM
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Questions asked by the same visitor
5. Both public sector and not-for-profit organizations must develop a(n) ________ to ensure their continued existence. a- competitive advantage b- strong management pool d-lobbying group f- link with companies g- None of the answer choices is correct.
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Updated 25 days ago|11/22/2018 8:52:37 AM
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Both public sector and not-for-profit organizations must develop a competitive advantage to ensure their continued existence.
Added 25 days ago|11/22/2018 8:52:37 AM
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In general, the international accounting standards provide lease criteria that are similar to the U.S. standards. TRUE or FALSE.
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Updated 6/2/2016 4:24:41 AM
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In general, the international accounting standards provide lease criteria that are similar to the U.S. standards. TRUE.
Added 6/2/2016 1:01:02 AM
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Confirmed by jeifunk [6/2/2016 4:24:42 AM]
4. The FASB has allowed certain items to be reported directly to stockholders' equity in an effort to mitigate the possibility of income fluctuating widely from period to period.
Weegy: True, the FASB has allowed certain items to be reported directly to stockholder's equity (More)
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Expert Answered
Updated 4/4/2014 3:58:19 AM
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6. The liability for a premium offer estimated to be redeemed is not a current liability
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Updated 4/4/2014 4:42:01 AM
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The liability for a premium offer estimated to be redeemed is not a current liability. FALSE.
Added 4/4/2014 4:42:01 AM
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7. Cash flows from purchases of merchandise are classified as investing activities. True False
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Updated 4/4/2014 4:41:28 AM
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TRUE. Cash flows from purchases of merchandise are classified as investing activities.
Added 4/4/2014 4:41:28 AM
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