International Business: The Challenges of Globalization (8th Edition)
International Business: The Challenges of Globalization (8th Edition)
8th Edition
ISBN: 9780133866247
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 15.3, Problem 2QS3
Summary Introduction

To Determine:

The international certification received by a company when the company meets its industry’s highest quality standards.  

Introduction:

Total Quality Management (TQM) - A method of continuous quality improvement of an organization’s product, as well as service, is Total quality management.

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At the beginning of the year, Quantum Industries had liabilities of $85,000. During the year, assets increased by $75,000, and at year-end, assets totaled $210,000. Liabilities decreased by $14,000 during the year. What are the beginning and ending amounts of equity for Quantum Industries?
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