Which of the following is possible for a particular business transaction?
A. Decrease assets and increase stockholders' equity.
B. Decrease one asset and increase another asset.
C. Decrease liabilities and increase expenses.
D. Increase assets and decrease liabilities.
Answer: B
You might also like to view...
In 2010, Tru Corporation deducted $5,000 of bad debts. It received no tax benefit from the deduction because it had an NOL in 2010 that it was unable to carry back or forward. In 2011, Tru recovered $4,000 of the amount due.a)What amount must Tru include in income in 2011?b)What effect does the $4,000 have on E&P in 2011, if any?
What will be an ideal response?
When focusing on recommendations in an analytical report, what should be done as soon as the need for action has been introduced by describing the problem or opportunity?
A) Summarize your recommendations. B) List the recommendations required to achieve the desired benefits. C) Explain each step fully. D) Introduce benefits that can be achieved if the recommendations are adopted. E) Introduce a cost analysis of the desired benefits.
Which type of consumer behavior topic can be best studied using observation?
a. the store image of a new discounter b. perceived risk related to sneaker purchasing behavior c. consumer cognitive dissonance subsequent to the purchase of a new home d. the average time spent in a convenience store
The lack of an opportunity to read a contract may be unconscionable.
Answer the following statement true (T) or false (F)