Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = I Decrease = D No Effect = NA (Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element is offset by a decrease in that same element.)A transaction recorded as a debit to Cash and a credit to Common Stock.Assets Liabilities Stk. Equity Revenues Expenses Net Income Stmt of Cash Flows???????
What will be an ideal response?
(I) (NA) (I) (NA) (NA) (NA) (I)
Debits increase asset accounts, such as cash, and credits increase stockholders' equity accounts, such as common stock.
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The fringe trading area has the highest density of customers to population
Indicate whether the statement is true or false
Using the selected information given below for Luk Company, calculate the return on assets, debt ratio, and profit margin. Comment on the results of operations and the financial position of the company for the year.Sales1,050,000Expenses795,000Assets (beginning of the year)1,500,000Assets (end of the year)1,900,000Liabilities850,000
What will be an ideal response?
Which of the following is the best advice for leading or participating in a business meeting?
A) ?Leave your cell phone on to demonstrate to others your dedication to customers and fellow colleagues. B) ?Let the leader do most of the talking. C) ?Don't start the meeting until all attendees arrive. D) ?Let members who disagree with one another make a complete case for their position while group members give their full attention.
All of the following are benefits of new product development to a firm except
A. creating diversification and reducing risk. B. avoiding market saturation from products that have been on the market for a long time. C. reducing the costs of production. D. keeping up in a market with short product life cycles where sales come mostly from new products. E. satisfying the changing needs of current and new customers.