From an accounting perspective, an event is a happening that affects the accounting equation, but cannot be measured.
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Q47: The three major types of business activities
Q48: The accounting equation implies that: Assets +
Q49: Assets are the resources a company owns
Q50: A net loss occurs when revenues exceed
Q51: Financing activities provide the means organizations use
Q53: The accounting equation can be restated as:
Q54: Owner financing refers to resources contributed by
Q55: Owner's equity is increased when cash is
Q56: Net income occurs when revenues exceed expenses.
Q57: Planning is a part of each business
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