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Question 1 of 5
1. Question
Select the correct answers: Income can be broken into two broad categories:
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Question 2 of 5
2. Question
True or False: Assets are anything the business owes the other
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Question 3 of 5
3. Question
True or False: Equity is often a measure of what the business is worth. It is the combination of profits and money invested in or withdrawn from the company by its owners.
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Question 4 of 5
4. Question
True or False: If a company has more liabilities than assets, it might be a sign of trouble
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Question 5 of 5
5. Question
True or False: Net income is not the financial result of the business efforts during that period
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