Li Company paid cash to purchase land. As a result of this accounting event:
A. total assets were unaffected.
B. total assets decreased.
C. total equity decreased.
D. both assets and total equity decreased.
Answer: A
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________ involves a review of the sales, costs, and profit projections for a new product to determine whether they satisfy a company's objectives
A) Vendor analysis B) Portfolio analysis C) Business analysis D) SWOT analysis E) Concept analysis
____ decides whether a company should borrow money or issue stock as a way to raise capital
A) Human resource manager B) Operations/production manager C) Finance manager D) Marketing manager
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