A transaction has been recorded in the T-accounts of Vernon Company as follows:Land10,000 Cash 10,000Which of the following reflects how this event affects the company's financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.+=++NANA-NA=NA+FAB.+=NA++NA-NA=NA-FAC.+=++NANA-NA=NA-IAD.NA=NA+NANA-NA=NA-IA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: D
You might also like to view...
Consider Figure 6.2. As a result of the South Korean subsidy, Mexicans find their consumer surplus
a. rising by $160. b. rising by $220. c. falling by $160. d. falling by $220.
All of the following are common purposes for managerial communication except ______.
A. to gain information B. to share information C. to achieve status D. to persuade
While preparing a salad, the chef removes the core from a head of lettuce. This core would be classified as
a. defective. b. shrinkage. c. waste. d. scrap.
Answer the following statement(s) true (T) or false (F)
1. A needs analysis indicates the differences between the current state of affairs in the organization and the desired future state. 2. Kotter’s model of change is an organizational performance model that is built on the view that organizations are and there needs to be a “fit” between the various organizational subsystems for optimal performance. 3. Systems resistance is a term to describe a common response to any major change initiative, where individuals fail to accept the change and strive to maintain the status quo. 4. Getting end users involved in the development of a system can help with user acceptance.