1. The Taylix Company's balance sheet showed $18,000,000 in assets and $10,000,000 in liabilities. From the given information, the firm's owners' equity equals $6,000,000.
2. A.True
3. B.False

1. The Forbes magazine list of the 400 richest individuals in the United States is dominated by entrepreneurs.
2. A.True
3. B.False

1. In order to keep the audience awake, most experts agree that the key is to keep the presentation room quite cold. This ensures the audience stays awake.
2. A.True
3. B.False

1. Accounts receivable is categorized as a(n) _____.
2. A.current liability
3. B.immovable asset
4. C.current asset
5. D.depreciated asset