If during the year total assets increase by $75,000 and total liabilities decrease by $16,000, by how much did owner's equity increase/decrease?
A. $91,000 decrease
B. $91,000 increase
C. $59,000 decrease
D. $75,000 increase
Answer: B
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Indicate whether the statement is true or false
Ritzer argues that all aspects of our world are being rationalized through McDonaldization via four major mechanisms. One of those is the process of ‘Predictability’, which of the following is an example such a mechanism?
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Select the account below that normally has a credit balance.
A. Wages Payable. B. Cash. C. Office Equipment. D. Dividends. E. Sales Salaries Expense.
________ inventory is the surplus inventory that a company holds to protect against uncertainties in demand, lead-time, and supply
Fill in the blanks with correct word