There are four transactions that affect Owner's equity. Which are the two transactions that increase Owner's equity?
A) Revenues and expenses
B) Expenses and owner's withdrawals
C) Revenues and Owner's investments
D) Owner's Investments and Expenses
C
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The systems development life cycle has five phases: Planning, Analysis, Design, Implementation and Maintenance.
Answer the following statement true (T) or false (F)
Beckenworth had cost of goods sold of $11,221 million, ending inventory of $3889 million, and average inventory of $2145 million. Its days' sales in inventory equals: (Use 365 days a year.)
A. 56.4. B. 69.8 days. C. 56.7. D. 126.5 days. E. 0.3.
Sunk costs can be recovered and are relevant in short-run decision making
Indicate whether the statement is true or false
If total assets decreased by $30,000 during a specific period and owner's equity decreased by $35,000 during the same period, the period's change in total liabilities was an $65,000 increase
Indicate whether the statement is true or false