What effect do debits have on asset accounts? On liability accounts?
What will be an ideal response?
Debits increase asset accounts. Debits decrease liability accounts.
Debits increase asset accounts; credits decrease asset accounts. Debits decrease liability and stockholders' equity accounts; credits increase liability and stockholders' equity accounts.
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List at least three guidelines that can help you avoid being accused of defamation
What will be an ideal response?
Dividends yield equals
a. market price per share divided by dividends per share. b. net income divided by dividends per share. c. dividends per share divided by net income. d. dividends per share divided by market price per share.
To use a company's resources for a project that does not contribute to maximizing profits is sometimes acceptable and even sometimes required under the economic model of corporate social responsibility.
Answer the following statement true (T) or false (F)
Which of the following might be motivation for fraudulently covering up a financial weakness?
A) To obtain a loan B) To meet stockholder expectations C) To obtain bonus compensation D) All of these are possible motivations