Which of the following statements about torts is correct?
a. A tortious act is always a criminal act.
b. A criminal act is always a tortious act.
c. A tortious act may also be a criminal act.
d. All the above are correct.
c
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Indicate whether the statement is true or false
On May 1, Campbell Company established a petty cash fund in the amount of $400.a) Is the establishment of the fund an asset source, asset use, or asset exchange transaction?b) Record the establishment of the petty cash fund in the horizontal financial statements model, below. Indicate the dollar amounts of increases and decreases; for accounts that are not affected, indicate NA. For cash flows, show whether they are operating activities (OA), investing activities (IA), or financing activities (FA).Assets=Liab.+Stk. EquityRev.-Exp.=Net Inc.Stmt of Cash FlowsCash + Petty Cash?????????????????????
What will be an ideal response?
Saddleback Company paid off $30,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?
A. Assets, $30,000 decrease; liabilities, $30,000 increase. B. Assets, $30,000 decrease; liabilities, $30,000 decrease. C. Assets, $30,000 decrease; equity $30,000 decrease. D. Assets, $30,000 increase; equity, $30,000 increase. E. Liabilities, $30,000 decrease; equity, $30,000 increase.
$1.00 (one dollar) invested in a portfolio of "small " U.S. stocks in 1925 would have grown to a value in excess of ________ by 2011 assuming that all dividends had been reinvested in the portfolio
(Choose the answer closest to the research provided dollar amount.) A) $100 B) $1,000 C) $10,000 D) $100,000