On June 30, Sugar Co. received a bill for $1400 for running a newspaper ad in June. The bill will be paid in July. Which of the following statements is correct for June?

A. Assets are increased by $1400.
B. Revenues are decreased by $1400.
C. Liabilities are decreased by $1400.
D. Expenses are increased by $1400.


Answer: D

Business

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Household Storez, a local retail store, claims to offer better products at lower prices than other retail stores. In this case, the firm's positioning reflects a ________ value proposition

A) more-for-the same B) more-for-less C) same-for-less D) more-for-more E) same-for-more

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Which of the following financial statements shows a firm's financing activities (how funds were generated) and investment activities (how funds were used) over a particular period of time?

A. Balance sheet B. Income statement C. Statement of retained earnings D. Statement of cash flows E. Proxy statement

Business

Mario chooses a personal representative to deal with his real estate, bank accounts, and investments after his death. Mario should also choose an online executor.An online executor is responsible for dealing with a decedent's

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Business