Danny Company purchased supplies using cash. What is the effect on Danny's balance sheet?
A. No effect on total assets; no effect on total liabilities; no effect on total stockholders' equity
B. Increase total assets; increase total liabilities; increase total stockholders' equity
C. Decrease total assets; no effect on total liabilities; increase total stockholders' equity
D. No effect on total assets; decrease total liabilities; increase total stockholders' equity
Answer: A
You might also like to view...
Which of the following has the least consideration when a retailer is deciding how much floor or shelf space to allocate to merchandise categories and brands?
A. The impact on overall store sales B. The merchandise's inventory turnover C. The display needs for the merchandise D. The color of the merchandise E. The productivity of the allocated space
In which of the following ways would the Interpenetrating Systems Model suggest that the business subsystem could affect the nonprofit subsystem?
a. Businesses pay more in taxes, which the government returns to individuals in the form of income tax breaks. b. Businesses have a very successful year and make greater voluntary contributions to nonprofits. c. Businesses improve their ethical behaviors and nonprofits match by improving their own behaviors. d. Businesses act improperly and inspire more government regulation that apply to nonprofits.
Discuss how conflicts of interests can arise in a profession.
What will be an ideal response?
A ________ sample is a type of probability sample in which a researcher divides the population into segments that relate to the study's topic
A) systematic B) convenience C) stratified D) quota E) simple random