Morris Lest, Inc. sold its truck and received less cash than the truck's book value. The net effect of this sale on the accounting equation is a(n):
A. increase to stockholders' equity.
B. decrease to total liabilities.
C. decrease to stockholders' equity.
D. increase to total assets.
Answer: C
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Dividends declared and paid reduce a company's retained earnings balance
a. True b. False Indicate whether the statement is true or false
Exhibit 14-12 On January 1, 2016, Jewels, Inc sold $200,000 of its 12% five-year bonds to yield 10%. Interest is paid each January 1 and July 1, and effective interest amortization is used. On May 1, 2018, Jewels, retired $100,000 of the bonds at 104. The book value of the bonds on December 31, 2017, was $212,926. ? Refer to Exhibit 14-12. Which of the following would be included in the
interest accrual entry on May 1, 2018? A) credit to Interest Payable for $3,333 B) debit to Bond Interest Expense for $3,549 C) credit to Discount on Bonds Payable for $4,259 D) debit to Premium on Bonds Payable for $451
When stores such as Bath & Body Works, Victoria's Secret, Express, and Abercrombie & Fitch all have store sites near each other in a shopping center, what is this an example of?
A. Multiple risks B. Diminishing adjacent C. Analog approach D. Consumer spotting E. Cumulative attraction
Assume you have applied for two jobs A and B. The probability that you get an offer for job A is 0.23. The probability of being offered job B is 0.19. The probability of getting at least one of the jobs is 0.38. a. What is the probability that you will be offered both jobs?b. Are events A and B mutually exclusive? Why or why not? Explain.
What will be an ideal response?