1 1 Debt vs. equity Describe two characteristics that differentiate debt and equity. Exceeds expectations (A range) Responds to the required four questions by the due dates Delivers information that shows that thought, insight, and analysis have taken place Written responses are free of grammatical, spelling or punctuation errors. Uses appropriate, relevant, and compelling content to illustrate mastery of the subject, conveying understanding Makes connections to previous or current content or to real-life situations Explains concepts in the author's own words rather than repeating back what was presented Provides detailed citations for any sources used