Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) On December 31, Year 1, Kirkland Co. paid cash and recognized interest expense on bonds that it had issued at 101.5 on January 1, Year 1. The company uses the straight-line method to amortize bond discounts and premiums. AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?
(D) (D) (D) (NA) (I) (D) (D)
The payment of cash and recognition of interest expense decreases assets (cash), decreases liabilities (premium on bonds payable), and decreases stockholders' equity (retained earnings). It increases expenses (interest expense), which decreases net income. The cash payment for interest is reported as a cash outflow for operating activities.
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________ brands are positioned with respect to competitors' brands so that more important (and more profitable) flagship brands can retain their desired positioning
A) Flanker B) Attacker C) Defender D) Cash cow E) Simulation
A framework for classifying value-adding and nonvalue-adding activities according to the level at which their costs are incurred is called a
a. bill of activities. b. full product cost. c. value chain. d. cost hierarchy.
If women follow they're doctor's advise they will go for a yearly mammography test
What will be an ideal response?
The initial owners of stock of a newly formed corporation are called directors
Indicate whether the statement is true or false