During the month, a company uses up $4,000 of supplies. At the end of the month, the related adjusting journal entry would result in a(n):
A. increase in an asset and an equal increase in expenses.
B. decrease in an asset and an equal increase in expenses.
C. decrease in an asset and an equal decrease in expenses.
D. increase in an asset and a decrease in expenses.
Answer: B
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A manufacturing firm identified that it would have difficulty sourcing raw materials locally, so it decided to relocate its production facilities. According to COSO, this decision represents which of the following response to the risk?
A. Prospect theory. B. Risk sharing. C. Risk acceptance. D. Risk reduction.
A majority of web users prefer to access the web in English rather than using any other language.
Answer the following statement true (T) or false (F)
In order to find a violation of the Sherman Act, courts require evidence of an explicit agreement to violate the law
a. True b. False Indicate whether the statement is true or false
What is the present value of a stream of annual end-of-the-year annuity cash flows if the discount rate is 0%, and the cash flows of $50 last for 20 years?
A) Less than $1,000 B) Exactly $1,000 C) More than $1,000 D) This question cannot be answered because we have an interest rate of 0.0%.