If a business issued a check for $1,000 to pay for two months rent in advance, what is the effect on the firms' assets, liabilities and owner's equity.
A. Accounts Payable will increase
B. Cash will decrease
C. Prepaid Rent will decrease
D. Owner's Capital will increase
Answer: B
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Horizontal analysis is analysis
a. of dollar changes and percentage changes over two or more years. b. in which all items are presented as a percentage of one selected item on a financial statement. c. in which a statistic is calculated for the relationship between two items on a single financial statement or for two items on different financial statements d. of all ratios that increased or decreased over past accounting periods.
Which of the following statements is true of the competitive environment in the United States?
The margin of safety can be expressed in dollars or as a percent of sales.
Answer the following statement true (T) or false (F)
According to Chesbrough and Appleyard, which of the following are strategies that organizations can employ to benefit from open innovation?
a. Deployment b. Hybridization c. Self-service d. All of the above