Presented below is information related to the sole proprietorship of Anthony Scalici, consultant. 
Instructions
Prepare the 2010 owner's equity statement for Anthony Scalici's consulting company.
Definitions:
Economic Profit
The variance between a business's complete earnings and its aggregate expenses, factoring in both overt and inferred costs.
Competitive Price-searcher Markets
Markets where firms have some power to set prices due to differences in the products they offer, even though they must consider the potential entry of new competitors.
Potential New Entrants
Businesses or individuals that could potentially enter a market and compete with existing entities.
Existing Firms
Companies or businesses that are currently operating in the market, as opposed to new entrants or startups.
Q3: For the accounts listed below, indicate if
Q9: Which one of the following is not
Q13: Bills of material used for MRP planning
Q22: Which of the following is true?<br>I The
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Q26: Which of the following statements are true
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Q63: All business transactions must be entered first
Q145: In the first month of operations, the
Q172: A credit balance in a liability account