The visual aids developed by team members for a presentation should have diverse backgrounds, font styles and sizes, and colors to enhance unison
Indicate whether the statement is true or false
False
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Alpha Company has assets of $640,000, liabilities of $270,000, and equity of $370,000. It buys office equipment on credit for $95,000. What would be the effects of this transaction on the accounting equation?
A. Assets increase by $95,000 and expenses increase by $95,000. B. Assets increase by $95,000 and liabilities increase by $95,000. C. Liabilities increase by $95,000 and expenses decrease by $95,000. D. Assets decrease by $95,000 and expenses decrease by $95,000. E. Assets increase by $95,000 and expenses decrease by $95,000.
Which of the following statements is true regarding virtue as a reason for studying ethics?
A. Few people have learned values that steer them toward making right ethical decisions. B. Virtue means that doing what is ethical is a smart thing to do for profits. C. Most people have learned values that steer them toward making right ethical decisions. D. Most people have learned values that steer them toward making wrong ethical decisions.
Marco Insurance acquired shares of Penny Systems' common stock on December 28, 2013, for $400,000 and classified them as trading securities. The fair value of these securities on December 31, 2013, was $402,000 . Marco Insurance sold these shares on January 3, 2014, for $405,000. (Refer to the Marco Insurance) The journal entries to measure trading securities at fair value and recognize
unrealized holding gain in net income on December 31, 2013. a. Cash.....................................................2,000 Marketable Securities..................................... 2,000 b. Other Comprehensive Income.................2,000 Marketable Securities..................................... 2,000 c. Marketable Securities..............................2,000 Other Comprehensive Income........................ 2,000 d. Marketable Securities..............................2,000 Unrealized Holding Gain on Trading Securities........................................ 2,000 e. Marketable Securities..............................2,000 Realized Holding Gain on Trading Securities......................................... 2,000
Market research can be a useful tool helping senior managers identify and deal with the real issue.
Answer the following statement true (T) or false (F)