The following transaction has been recorded in the general journal:Interest Expense150 Interest Payable 150How will this transaction affect the company's financial statements after it is posted to the ledger accounts?
A. Decreases Stockholders' Equity
B. Decreases Total Assets
C. Increases Retained Earnings
D. Decreases Total Liabilities
Answer: A
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Which of the following statements regarding managers is most correct?
a. under most employment laws, managers are not deemed to be protected employees b. managers are usually not individually liable when they violate employees' rights c. employers are liable for the actions of managers taken within the scope of their employment d. a and c e. none of the above
The DuPont analysis calculates ROE as the product of
A) leverage, market value, and turnover. B) margin, turnover, and leverage. C) profitability, liquidity, and leverage. D) activity, leverage, and debt. E) margin, profitability, and leverage.
Guy owns a lumber yard working directly with home builders and contractors. Margie, a contractor new to the area, wants to set up a credit account with the lumber yard. She has a good history of successful and profitable projects. What questions should Guy ask in evaluating the Margie's credit status? Relate to the 5 C's of credit.
What will be an ideal response?
What is a great example of using cluster analysis in business to create target-marketing strategies?
A. Google search B. First name information C. Zip code segmentation D. Last name associations