The following information should be used for questions 92-94.On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurred in the month of September and affected the following accounts: CashAccounts PayableAccounts ReceivableShawn Dahl, CapitalOffice EquipmentRevenueCanoe and Kayak EquipmentExpensesTransactions1. Shawn Dahl invested $50,000 in cash to open the business 2. Paid $14,200 in cash for the purchase of kayak and canoe equipment3. Paid $2,200 in cash for rent expense 4. Purchased additional kayak and canoe equipment for $4,900 on credit5. Received $4,600 in cash for kayak rentals 6. Rented canoes and kayaks for $3,400 on account 7. Purchased office equipment for $375 in cash 8. Received $1,350 in cash from
credit clients 9. Shawn Dahl withdrew $1,800 in cash for personal expensesBased on the information above, what is the fundamental accounting equation at the end of September for Whitewater Rentals?
What will be an ideal response?
Assets $58,900 = Liabilities $4,900 + Owner's Equity $ 54,000
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A. CREATE B. RETURN C. BEGIN D. EXCEPTION
Which of the following statements is true of the North American Free Trade Agreement (NAFTA)?
A) It allows a member country to reimpose tariffs if imports are hurting that country's economy or its workers. B) It disallows any special protection being extended to specific industries. C) It disallows NAFTA members from trading with other countries unless a unanimous vote is obtained. D) It has been hailed by economists to be a perfect example of a free trade pact.
Corbin must inform employees that overtime pay will be reduced from the current 2.0 factor to a 1.5 factor. Because he anticipates a hostile reaction, which of the following sequences should Corbin use for the parts of his message?
A) Bad news, explanation, reasons, and closing B) Bad news, reasons, buffer, and closing C) Buffer, reasons, bad news, and closing D) Buffer, explanation, reasons, and closing
Adjectives modify nouns or pronouns
Indicate whether the statement is true or false