The Balance Sheet of a Sole Proprietorship Will Report Two

question 77

True/False

The balance sheet of a sole proprietorship will report two equity accounts: one for amounts contributed by the owner, and one for the business's earnings.

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Definitions:

Technological Control

The use of technology to monitor and control the production and distribution of products and services.

Security Badges

Identification cards or badges used to verify a person’s authorization to enter a secured area or access certain resources.

Swipe

In the digital context, a gesture or action used to interact with touchscreens by moving a finger or hand across the surface.

At-will Employees

Workers who may be hired and dismissed by their employers at any time and for any reason that is not illegal, without the need for just cause.