Issuance of Common Stock happens when A. an owner pulls some of their invested money out of the company B. Someone new contributes money to the company , becoming an owner C. profits are divided between owners D. deductions are taken out of the gross sales

Which of the following is NOT a deduction of Gross Sales ?

A. Sales Allowances

B. Revenue Dividends

C. Price Changes

Which of the following is the crucial formula to the Balance Sheet?

A. First Accounting Equation

B. Fundamental Accounting Equation

C. Accounting Balance Equation

D. Balance Sheet Formula

Rewrite the following paragraph. Change the fragments, run-ons, and comma splices into complete and correct sentences. Add punctuation marks if necessary.

     Cats make great pets, you have to be affectionate with them. Not always coming when you call them. Because they are rather independent animals. Many people prefer dogs, you can train them to come, or sit, or fetch a bone. With cats, on the other hand, you have to be willing to let them live their own lives if you attempt to train them you may become discouraged. If you put two cats in the same room you are in for quite a treat. They chase each other, usually all in fun and when one catches the other the real show begins. Often they will cuddle and clean each other sometimes they will fight. The wise pet owner will know when to break up a fight and when to let go since it is only play for the cats. They can be great company if you understand them.