The term used to describe the stock representing the primary ownership


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The term used to describe the stock representing the primary ownership interest in a corporation is: a. common stock. b. retrained earnings. c. financing activity. d. dividends. 4. Resources owned by a business and

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The term used to describe the stock representing the primary ownership interest in a corporation is:
a. common stock.

b. retrained earnings.

c. financing activity.

d. dividends.

4. Resources owned by a business and used in carrying out its operating activities are:

a. liabilities.

b. stockholders' equity.

c. revenues.

d. assets.

5. Acquiring assets necessary to operate the business is called a(n):

a. financing activity.

b. operating activity.

c. revenue activity.

d. investing activity.

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