What happens to the accounting equation when the adjustment that recognizes accrued interest revenue is recorded?
a. Assets increase and liabilities increase.
b. Assets increase and stockholders' equity increases.
c. Assets decrease and liabilities decrease.
d. Stockholders' equity increases and decreases by the same amount.
b
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Both debit and credit balances of Factory Overhead are shown in the Adjusted Trial Balance columns of the work sheet; however, neither of these amounts is extended to the Income Statement or to the Balance Sheet columns
a. True b. False Indicate whether the statement is true or false
This question contains two parts; be sure to answer both. First, define the concept of media richness, explaining which forms of media are richer, which are less rich, and why. Next, suppose that you manage a local branch of the U.S. Post Office. You need to communicate three key pieces of information: (a) an annual performance appraisal for each of the employees at the branch, (2) an update regarding the sales of commemorative stamps to a regional manager, and (3) information regarding postage rate increases to the general public. Which type of media would you use for each of these three pieces of information?
What will be an ideal response?
Compare and contrast advertising and sales promotion as marketing communication tools
What will be an ideal response?
Direct materials cost that varies with the number of units produced is an example of a fixed cost of production
Indicate whether the statement is true or false