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Which of the following are market activities?
a)sale of a bond
b)service of homemakers
c)volunteer services
d)purchase of illegal substances
e)purchase of a common stock
f)sale of used car
Organizational Expenses
Costs incurred during the formation of a corporation, partnership, or any business entity, such as legal and administrative fees.
Intangible Assets
Non-physical assets such as patents, trademarks, and goodwill that have value to a business.
Balance Sheet
A financial document that outlines the resources, obligations, and shareholder equity of a company at a given point, showing its economic condition.
Capital
Financial assets or the financial value of assets, such as cash and goods, used by a business to generate income.
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