What are the effects on the accounting equation from the adjustment for salaries and wages incurred, but not yet paid, during the accounting period?
A. Total liabilities will increase and total stockholders' equity will decrease.
B. Total liabilities will decrease and total stockholders' equity will decrease.
C. Total liabilities will decrease and total stockholders' equity will increase.
D. Total liabilities will increase and total stockholders' equity will increase.
Answer: A
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Under which of the following conditions does the equipment lease qualify for capital lease accounting?
a. The lease contains a bargain purchase option. b. The lease term is equal to or greater than 75% of the asset's economic life. c. A, and B are correct answers. d. The lease transfers ownership to the lessee at the end of the lease term.
Historically, more aspects of _______ have been standardized and coordinated worldwide by companies than has been the case for other value chain activities such as _______.
A. marketing; research and development B. marketing; manufacturing C. human resources; marketing D. manufacturing; marketing E. research and development; manufacturing
In credit terms of 3/15, n/45, the "3" represents the
A) number of days in the discount period B) full amount of the invoice C) number of days when the entire amount is due D) percent of the cash discount
The first question to ask yourself when composing a business message is "What channel should I use to send the message?"
Indicate whether the statement is true or false