Property, plant, and equipment are listed on the balance sheet at
A) expected future value.
B) fair value.
C) historical cost plus or minus holding gains or losses.
D) cost less accumulated depreciation.
D
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The journal entry to record the payment of an interest-bearing note is
a. debit Cash; credit Notes Payable b. debit Accounts Payable; credit Cash c. debit Notes Payable and Interest Expense; credit Cash d. debit Notes Payable and Interest Receivable; credit Cash
XYZ Corp made cash sales to customers. What effect does this transaction have on the accounting equation?
a. Liabilities increase and stockholders' equity increases. b. There is no effect on the accounting equation as one asset account increases while another asset account decreases. c. Assets increase and liabilities increase. d. Assets increase and stockholders' equity increases.
Management accounting information is determined objectively and is verifiable, whereas financial accounting is more subjective
Indicate whether the statement is true or false
What is the primary difference between contact management and opportunity management?
A. Contact management deals with new customers; opportunity management deals with existing customers B. Contact management deals with existing customers; opportunity management deals with existing customers C. Contact management deals with new customers; opportunity management deals with new customers D. Contact management deals with existing customers; opportunity management deals with new customers