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Use the Following Information for Questions -The Return on Equity Is:
A)1

question 42

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Use the following information for questions:  Revenues $50,000 Beginning liabilities $245,000 Cost of goods sold 35,000 Ending assets 450,000 Operating expenses 5,500 Ending liabilities 255,000 Beginning assets 350,000\begin{array} { l r l r } \text { Revenues } & \$ 50,000 & \text { Beginning liabilities } & \$ 245,000 \\\text { Cost of goods sold } & 35,000 & \text { Ending assets } & 450,000 \\\text { Operating expenses } & 5,500 & \text { Ending liabilities } & 255,000 \\\text { Beginning assets } & 350,000 & &\end{array}
-The return on equity is:

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Definitions:

Debenture Bond

A type of debt instrument not secured by physical assets or collateral but based on the issuer's creditworthiness and reputation.

Sold at Discount

A sale transaction in which an item is sold for less than its regular or listed price.

Bond Payable

A long-term debt instrument issued by corporations or governments to raise capital, with the obligation to pay back with interest.

Discount on Bonds Payable

The difference when a bond is issued for less than its face value or nominal value.

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