Question Completion Status: QUESTION 11 10 points A small neighborhood barber shop that is operated by its owner would likely be organized as a O a joint venture. O b.partnership O c. corporation. O di proprietorship. QUESTION 13 10 points Save A private accountant can perform many activities in a business organization but would not work in O a. budgeting Obaccounting information systems, O external auditing. Od tax accounting to all sides Save All AWES Save and QUESTION 15 Stockholders' equity is often referred to as O residual equity. O leftovers. O spoils. O second equity. QUESTION 16 10 Enterprise Downtown Diner received a bill of $600 from the Majestic Wine Advertising Agency. The owner, J. C. Brady, is postponing payment of the bill until a later date. The effect on specific items in the basic accounting equation is O a. a decrease in Cash and an increase in Accounts Payable. O b. a decrease in Cash and an increase in Retained Earnings. O can increase in Accounts Payable and a decrease in Retained Earnings. O dia decrease in Accounts Payable and an increase in Retained Earnings. QUESTION 18 The accounting process is correctly sequenced as O identification, communication, recording. O recording, communication, identification. O identification, recording, communication. O communication, recording, identification QUESTION 15 Stockholders' equity is often referred to as O residual equity. O leftovers. O spoils. O second equity. QUESTION 16 10 Enterprise Downtown Diner received a bill of $600 from the Majestic Wine Advertising Agency. The owner, J. C. Brady, is postponing payment of the bill until a later date. The effect on specific items in the basic accounting equation is O a a decrease in Cash and an increase in Accounts Payable. O b. a decrease in Cash and an increase in Retained Earnings. O can increase in Accounts Payable and a decrease in Retained Earnings. O dia decrease in Accounts Payable and an increase in Retained Earnings. QUESTION 18 The accounting process is correctly sequenced as O identification, communication, recording. O recording, communication, identification. O identification, recording, communication. O communication, recording, identification