Which one of the following adjustments will increase assets?
a. Interest incurred on money borrowed during the period but not yet paid to the bank is accrued.
b. Rent revenue is recorded for amounts owed by a tenant but not yet paid.
c. The use of supplies is recorded.
d. Depreciation for the period is recorded.
b
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A prior period adjustment should be reported as an adjustment to the retained earnings balance at the beginning of the period in which the adjustment was made
a. True b. False Indicate whether the statement is true or false
In the workplace, you must persuade your audience logically and ethically. Which of the following is a logical fallacy that must be avoided?
A) Inaccurate information. B) Sweeping generalizations. C) Circular reasoning. D) All of the above. E) A and C.
As part of a strategic planning process, Midwest Power's senior executives determined positive findings from their SWOT analysis: (1) New regulations will provide tax credits for renewable ("green") power sources. (2) Their customers will pay higher prices for green power. (3) A competing power utility that owns renewable power sources is struggling and might be a target to be acquired by Midwest Power. (4) As compared to their competitors, Midwest Power's management team is one of the best in the industry. A strength of Midwest Power, per the SWOT analysis, is that
A. their customers will pay higher prices for green power. B. a competing power utility is struggling. C. the competing power utility might be a target to be acquired. D. their management team is one of the most skilled in the industry. E. new regulations will provide tax credits for renewable power sources.
What is willpower and how do we become over-reliant on its influence?
What will be an ideal response?