16. The right-hand side of the balance sheet should include entries for B. both the liabilities and the owner's equity. This side is the credit side. The left-hand side is the debit side. It is composed of the assets only.
17. The descriptive entry under the owner’s equity should appear as C. Tom Cotton, Capital.
18. A single ruled line should be drawn on the column line above the amount for total assets, total liabilities, and owner’s equity EXCEPT for C. Total Liabilities and Owner’s Equity.
19. A double-ruled line should be drawn under the amount for B. both total assets and total liabilities and owner’s equity.
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It is simulation. A test market can be an experiment but most time simulation
Answer:
Shopping products
Explanation:
Those items or products which are ready to be used by the buyer are called consumer products.
Shopping products are finished goods to be used by the consumer so they are consumer products.
Raw materials are not not consumer products because they are not sold directly they are processed before selling.
Process materials and special services are not consumer products they are producers products unless they are sold or bought in the market.
Component parts are different parts used for different purposes. They can be raw materials both for the producer and consumer.