Accord Corporation purchased land for $100,000 by making a cash payment of $30,000 and promising to pay the remaining amount in a later accounting period. What is the net effect of this transaction on Accord's accounting equation?
A) assets increase by $100,000 and liabilities decrease by $30,000
B) assets increase by $100,000 and liabilities decrease by $70,000
C) assets and equity increase by $70,000
D) assets and liabilities increase by $70,000
D
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A) desirability B) differentiability C) believability D) deliverability E) deviance
What does the ADR stand for in ADR systems?
What will be an ideal response?
Followers who prefer authoritarian leadership benefit from ______.
A. directive leadership B. participative leadership C. supportive leadership D. achievement-oriented leadership
Merrell Enterprises had the following purchases budgeted for the last six months of 2013: July $100,000 August 80,000 September 90,000 October 70,000 November 90,000 December 100,000 Merrell pays one-half of a month's purchases in the month of purchase and the remainder in the following month. What are expected total cash disbursements for the last quarter of 2013?
A) $210,000 B) $255,000 C) $130,000 D) $260,000