Which one of the following account groups will decrease with a debit?
A) assets and expenses
B) revenues and expenses
C) liabilities and revenues
D) assets and liabilities
C
You might also like to view...
Farrell and Jimmy enter into a partnership agreement on May 1, 2018. Farrell contributes $60,000 and Jimmy contributes $120,000 as their capital contributions. They decide to share profits and losses in the ratio of their respective capital account balances. The net income for the year ended December 31, 2018 is $70,000. Which of the following is the correct journal entry to record the allocation of profit? (Do not round any intermediate calculations. Round your final answers to the nearest dollar.)
Answer the following statements true (T) or false (F)
1. Space to expand is a critical success factor associated with the decision to locate in a particular region. 2. Proximity to raw materials is a critical success factor associated with the decision to locate on a particular site. 3. Fixed costs are those costs that remain constant regardless of the volume produced. 4. A contributor to distribution costs is the quality of the product shipped.
A task force is an example of a long-standing team or group
Indicate whether the statement is true or false
In 1992, the NLRB issued a decision in the Electromation case that:
A. Ruled that employee committees formed by management for the purpose of understanding employee concerns over wages, hours, and working conditions violated Section 8(a)(2) of the NLRA. B. Established that a company appointed employee committee was not necessarily illegal just because it talked to management about wages, hours, and working conditions. C. Ruled that any employee committee formed by management was illegal because it served to keep unions out. D. Ruled that quality circles were illegal.