Payment is made for land purchased earlier on credit. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase.
b. Assets increase and stockholders' equity increases.
c. Liabilities increase and stockholders' equity decrease.
d. Liabilities decrease and assets decrease.
d
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The manner of reporting cash flows from investing and financing activities will be different under the direct methodas compared to the indirect method
a. True b. False Indicate whether the statement is true or false
Values can also influence your perceptions and actions toward others.
Answer the following statement true (T) or false (F)
What is the purpose of a data library?
Dean Hardware, Inc. is comprised of five operating segments. Information about each of these segments is as follows (in thousands): Rakes Pails Shovels Hardware AccessoriesSales to outsiders$94 $506 $44 $122 $28 Intersegment transfers 4 26 14 30 24 Interest revenue - outsiders 2 - 4 8 - Interest revenue - intersegment - 6 - - 22 Operating expenses - outsiders 116 414 40 102 26 Operating expenses - intersegment 2 20 6 16 22 Interest expense - 12 - 2 22 Income taxes (4) 10 4 6 2 Tangible assets 18 116 12 12 8 Intangible assets - - 4 8 6 Intersegment
receivables 8 6 - - - ?Which operating segments are reportable under the revenue test? A. Pails and Hardware. B. Rakes, Hardware, and Accessories. C. Rakes and Hardware. D. Rakes and Pails. E. Rakes, Pails, and Hardware.