All of the Following Affect the Balance of the Capital

question 82

Multiple Choice

All of the following affect the balance of the capital account except

• A) bank deposits.
• B) purchases of government and corporate securities.
• C) purchases of goods and services.
• D) loans.

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Definitions:

Duty Of Loyalty

A duty that states managers must place the corporation’s interests above their own.

Undisclosed Principal

A person, in a transaction conducted by an agent, whose existence and identity are unknown to the third party.

Wholesale Auto Auctions

These are exclusive marketplaces where dealers buy and sell vehicles in bulk, often at lower prices, primarily for resale purposes.

Car Purchasing Partnership

An agreement between individuals or entities to jointly purchase a car, often to benefit from bulk buying conditions or shared use.