Ramierez Company received their first electric bill in the amount of $60 which will be paid next month. How will this transaction affect the accounting equation?
A) Increase Liabilities (Accounts Payable) and decrease Owner's Equity (Utilities Expense)
B) Increase Liabilities (Accounts Receivable) and decrease Owner's Equity (Utilities Expense)
C) Decrease Assets (Cash) and decrease Liabilities (Accounts Payable)
D) Decrease Assets (Cash) and decrease Owner's Equity (Utilities Expense)
A
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A. Can include funds designated for a special purpose, or investments in land not used in the company's operations. B. Are current assets. C. Are expected to be converted into cash within one year. D. Include only equity securities. E. Must be readily convertible to cash.
Which of the following is not a community provider?
A) LinkedIn B) Facebook C) Priceline D) Pinterest
Because they do not rely upon means and standard deviations, non-parametric tests can often be conducted when the scale of measurement of the outcome variable is…
a. nominal or ordinal b. ordinal or interval c. interval or ratio d. ratio only
What will be the effect on the income statement if a firm buys a new processing plant through a new loan?
What will be an ideal response?