Expenses have a normal [debit/credit] balance and [increase/decrease] Retained Earnings.
A) debit, increase
B) credit, increase
C) debit, decrease
D) credit, decrease
C) debit, decrease
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Which of the following best describes lapping?
a. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of funds b. inflating bank balances by transferring money among different bank accounts c. expensing an asset that has been stolen d. creating a false transaction
Marcoff Corporation acquires 30% of the outstanding voting common shares of the Invicta Corporation for $600,000 . Marcoff Corporation acquires the investment in Invicta Corporation by buying previously issued shares of Invicta Corporation from other investors. The entry to record the acquisition is:
a. Investment in Stock of Invicta Corporation . . . . . . . . . . . . . .600,000 Marketable Securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .600,000 b. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000 Marketable Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000 c. Investment in Stock of Invicta Corporation . . . . . . . . . . . . . .600,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000 d. Marketable Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000 e. Common Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000
________ refers to how long it takes a company to pay its creditors.
What will be an ideal response?
Nikolas is currently in an age group whose labor force participation rate is projected to increase between now and 2050 according to the U.S. Bureau of Labor Statistics. Given the following choices, how old is Nikolas?
A. 15 B. 27 C. 38 D. 58