Revenues normally carry a ________ balance and are shown in the ________.
A. Credit; Balance sheet
B. Debit; Statement of stockholders' equity
C. Debit; Balance sheet
D. Credit; Income statement
Answer: D
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A corporation that uses subsidiary corporations to operate in more than one country cannot be termed as a multinational corporation
Indicate whether the statement is true or false
Yi Company provided services to a customer for $5,500 cash. Based on this information alone, which of the following statements is true?
A. Total assets increased and net income increased. B. Liabilities decreased and net income increased. C. Total assets were unchanged. D. Total assets increased and total equity decreased.
Impaneling a jury means
a. dismissing a jury at the conclusion of the trial. b. exempting jurors from jury duty. c. selecting people to serve as jurors for a case set for trial. d. notifying jurors at their homes that they have been called to serve as jurors.
Answer the following statement(s) true (T) or false (F)
In developing countries, corporate transgressions do not matter.