Expenses either increase liabilities or increase assets
Indicate whether the statement is true or false
F
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Compare the list of accounts below and choose the list that contains only accounts that would be classified as asset accounts on the Chart of Accounts.
A. Building; Prepaid Insurance; Supplies Expense. B. Cash; Prepaid Insurance; Equipment. C. Unearned Revenue; Accounts Payable; Dividends. D. Notes Payable; Cash; Dividends. E. Accounts Payable; Cash; Supplies.
Which of the following is not a source of secondary data?
A) interviews concerning the problem at hand B) company records of personnel data C) books, brochures, pamphlets, and technical reports D) Internet resources E) scholarly journals and business magazines
What are the advantages of asking an audience to hold their questions until the end of a presentation?
The point at which the number of units sold generates enough revenue to equal the total costs of running an operation is known as the
A. contribution per unit. B. marginal revenue. C. fixed cost margin. D. unit cost. E. break-even point.