One effect on the accounting equation when a firm borrows money is
a. stockholders' equity decreases.
b. assets increase.
c. liabilities decrease.
d. assets decrease.
b
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Which of the following methods of assigning indirect service department costs recognizes on a partial basis the reciprocal relationships among the departments?
a. step method b. direct method c. indirect method d. algebraic method
Corporate laws within many jurisdictions require that, within _____, firms distinguish between amounts received from owners and amounts generated by operations which the firm has not distributed to owners
a. cash b. shareholders' equity c. retained earnings d. paid-in-capital e. par value
Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the LIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold?
A. $2,255. B. $2,239. C. $2,228. D. $2,215. E. $2,200.
All of the following are benefits of content delivery networks except ________.
A. reduced delivery costs for mobile users B. increased loadtime C. pay-as-you-go D. protection from DoS attacks E. increased reliability