How does the rendering of services on account affect the accounting equation?
A) assets increase; owner's equity increases
B) assets decrease; owner's equity decrease
C) assets increase; owner's equity decreases
D) liabilities increase; owner's equity decreases
A
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A banker is analyzing a company which operates in the petroleum industry. Which of the following might be a major consideration in determining whether the company should receive a loan?
a. The petroleum industry suffers from political pressures concerning the selling price of its products. b. Inflation has been high for several years in a row. c. All companies in the petroleum industry use the same accounting principles. d. The company has a large amount of interest payments related to many outstanding loans.
On June 1, Jasper Company signed a $25,000, 120-day, 6% note payable to cover a past due account payable. a. What is the total amount of interest to be paid on this note?b. Prepare Jasper Company's general journal entry to record the issuance of the note payable.c. Prepare Jasper Company's general journal entry to record the payment of the note on September 29.
What will be an ideal response?
For a long time, Cathy and Joe were Deadheads—people ________ traveled from city to city following the Grateful Dead on tour
A) that B) whom C) who
Intent as used in the law of intentional torts requires the defendant to:
a. have acted purposefully. b. desire to cause the consequences of her action. c. believe the consequences are substantially certain to result from her action. d. All of these are correct.