Indicate how each of the following transactions affect assets by entering + for increase, - for decrease, or NA if total assets are not affected. Enter only one item for each answer._______ 1) Issued stock to investors._______ 2) Borrowed cash from the bank._______ 3) Provided services for cash._______ 4) Paid operating expenses._______ 5) Purchased land for cash._______ 6) Paid cash dividend to the stockholders._______ 7) Repaid the bank loan.

What will be an ideal response?


1) +, 2) +, 3) +, 4) - , 5) NA , 6) - , 7) -

Business

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A. arbitrary B. any C. contractual D. labor E. None of the above

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In 1997, Congress enacted the ________ Act, a federal statute that criminalizes certain copyright infringement.

A. Sarbanes-Oxley B. Lanham C. No Electronic Theft D. Economic Espionage

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The ________ is a provision in a contract designating the state whose law will govern disputes relating to the contract

A. escape clause B. omnibus clause C. choice of law clause D. forum selection clause

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"Fund switching" allows investors to switch in and out of IRAs

Indicate whether the statement is true or false.

Business