The recording of an expense could result in a corresponding increase in
A) stockholders' equity.
B) revenue.
C) a liability.
D) an asset.
C
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List at least two ways one can be politically incorrect.
What will be an ideal response?
Identify the reason for not believing that it would be correct to shift from the reasonable "man" or reasonable "person" standard to the reasonable "women" standard for identifying conduct that unreasonably interferes with work.
A. Unless, as one judge has ruled, the outlook of the reasonable women is adopted, defendants and courts are permitted to sustain ingrained notions of reasonable behavior as fashioned by male offenders. B. The shift from reasonable man to reasonable "person" should alert us to the possibility that "person" is simply a disguised version of "man." C. The reasonable "person" standard can have the effect of simply maintaining the status quo in a workplace that remains very male-oriented. D. This shift can reinforce the unacceptable sexual and paternalistic stereotype of women as more sensitive, fragile, and delicate than men and that, therefore, women need extra protection from the rough and tough workplace.
At the end of a period, before the accounts are adjusted, Allowance for Doubtful Accounts has a credit balance of $250, and net sales on account for the period total $500,000. If uncollectible accounts expense is estimated at 1% of net sales on account, the current provision to be made for uncollectible accounts expense is $4,750
Indicate whether the statement is true or false
If a subsidiary re-acquires its outstanding shares from outside ownership for more than the noncontrolling interest valuation basis at the date of buying such treasury stock, which of the following statements is true?
A. Treasury stock on the parent's books will increase. B. No adjustment is necessary. C. Treasury stock on the parent's books will decrease. D. Additional paid-in capital on the parent company's books will decrease. E. Investment in subsidiary will increase.