An Entity's Equity Consists of Two Accounts,Amy Jones,Capital,and Mindy Lenz,Capital

question 93

Multiple Choice

An entity's equity consists of two accounts,Amy Jones,Capital,and Mindy Lenz,Capital.This indicates the entity is a:

• A)proprietorship.
• B)corporation.
• C)not-for-profit.
• D)partnership.

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Definitions:

Export Development Canada

A Canadian government agency that provides insurance and financial services, among others, to help Canadian exporters and investors expand their international business.

EDC

Often refers to Economic Development Corporations, which are organizations focused on promoting economic growth within a specific geographic area.

Swaps

Financial derivatives where two parties exchange financial instruments or cash flows.

Gilts

Government bonds issued by the United Kingdom, considered low-risk investments since they are backed by the British government.