If service are rendered for credit then
a. assets will decrease.
b. liabilities will increase.
c. owner's equity will increase.
d. liabilities will decrease
Answer: c. owner's equity will increase.
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Royal Company purchased a dump truck at the beginning of 2012 at a cost of $60,000 . The truck had an estimated life of 6 years and an estimated residual value of $24,000 . On January 1, 2014, the company made major repairs of $20,000 to the truck that extended the life 1 year. Thus, starting with 2014, the truck has a remaining life of 5 years and a new salvage value of $8,000 . Royal uses the
straight-line depreciation method. What is the book value of the truck to be reported on the balance sheet at December 31, 2014? a. $44,000 b. $50,000 c. $56,000 d. $62,000
Which of the following is defined as the investments of an individual’s complete self into a role?
A. perceived organizational support B. employee engagement C. job involvement D. organizational commitment
For each project audit, the participation of the business project sponsor is desirable, but not necessary
Indicate whether the statement is true or false
ADC uses a technology called ____ to encode a sound wave as binary numbers.
A. storing B. reverberating C. pinging D. sampling