As a sole proprietor, jessica took out a loan to buy equipment for her in-home business. if jessica's business does not make enough money to pay back her loan, she will have to sell personal property to cover her outstanding obligation. identify the condition the scenario describes.

a. unlimited personal liability.
b. personal obligation.
c. proprietary liability.
d. obligatory property.

marketing strategies should be established before marketing objectives are decided. t/f

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

Look at this check register. calculate the current balance. check date transaction (+) deposit balance 5/1 5/3 $82.92 debit 8.00 78.24 005 monthly fee phone bill paycheck 1 125.00 5/15 5/17 5/20 atm 40.00 56.50 006 t ennis lessons the current balance is?