What effect does "recognizing revenue at the end of the accounting period for rent previously received in advance" have on the accounting equation for the insurance company?
A) Assets increase and liabilities decrease.
B) Assets increase and stockholders' equity increases.
C) Assets decrease and liabilities decrease.
D) Liabilities decrease and stockholders' equity increases.
D
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Rites and rituals are ____. For example, employees of New Belgium Brewery in Fort Collins, Colorado, get a free brewery-hopping trip to Belgium after being employed by the company for five years.
A. company values included in the code of ethics B. the activities and ceremonies that celebrate important occasions and accomplishments in the organization's life C. objects, acts, or the quality that conveys meaning to others D. a narrative based on true events that emphasize a particular value E. company expectations for employees, such as working hard, ethically, and honestly
________ is the money that remains after the costs of marketing and operating the business are paid.
A. Account receivable B. Net profit C. Consumer residual D. Dividend E. Contribution margin
In a modern market economy, most of the answers to the questions of what to produce, how to produce it, and who should get the production are made by:
A) governments. B) individuals. C) firms. D) both B and C
A __________ is a decision maker who would choose a guaranteed payoff over a lottery with a better expected payoff.
A. risk taker B. risk-neutral C. risk avoider D. risk-creator