Lily company was started last year when lily borrowed $70 cash from the local bank. lily used that $70 cash to purchase inventory for $70. this year lily company sold that inventory for $100 cash. which one of the following statements is true with respect to lily company's balance sheet after the sale of the inventory? a. cash is $30.b. accounts payable is $30.c. owners' equity is $100.d. owners' equity is $30.e. inventory is $30.

At a young age, ebony's coaches were confident she had the potential to be a world-class swimmer with a future coaching career. after four years on an athletic scholarship and olympic experience under her belt, she chose a different path. with her savings and personal connections, she rented a corner building in a bustling san francisco neighborhood and pursued her dream: a surf shop business. ebony's dream was rooted in which basic right of free-market capitalism?

Maria's family drove 140 mi to her grandparents' house and averaged 56 mi/h on the way thereon the return trip, they averaged 50 mi/hwhat was the total time maria's family spent driving to and from her grandparents' house? o2.5 ho 2.6 ho5.2 ho 53 hnext

What is the difference between a debtor and a creditor?