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If expenses are less than revenue, the business will suffer a loss.
balance sheet
True
false
false
false
true
liquid
revenue-expenses=profit or loss
Assets, liabilities, and owner's equity for a specific date are on a financial statement called the ....
balance sheet
True
false
false
false
true
liquid
revenue-expenses=profit or loss
There is no point in comparing your financial statements with those of another company
balance sheet
True
false
false
false
true
liquid
revenue-expenses=profit or loss
A payroll is the financial record of employee compensation, deductions, and net pay.
balance sheet
True
false
false
false
true
liquid
revenue-expenses=profit or loss
With direct deposit, an employer transfers net pay electronically into an employee's bank account.
balance sheet
True
false
false
false
true
liquid
revenue-expenses=profit or loss
Cash is the most ____ of all assets.
balance sheet
True
false
false
false
true
liquid
revenue-expenses=profit or loss
Budgeting is much easier for a new business than for a well-established business.
balance sheet
True
false
false
false
true
liquid
revenue-expenses=profit or loss
The basic financial equation is...
balance sheet
True
false
false
false
true
liquid
revenue-expenses=profit or loss
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