An adjusting entry could not consist of:
a. A debit to a liability and a credit to revenue.
b. A debit to an expense and a credit to a liability.
c. A debit to an expense and a credit to an asset.
d. A debit to an expense and a credit to revenue.
d
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Why is the operating activities section of the statement of cash flows often believed to be the most important part of the statement?
a. Because it shows the dividends that have been paid to stockholders. b. Because it indicates a company's ability to generate cash from sales to meet current cash payments for goods or services. c. Because shows the net increase or decrease in cash during the period. d. Because it gives the most information about how operations have been financed.
Promises of fact made during the bargaining process are not express warranties.
Answer the following statement true (T) or false (F)
Manufacturers of consumer goods often give away trial sizes of new products to encourage:
A. experiential learning B. selective perception C. continuous reinforcement D. conceptual learning E. problem recognition
Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained. y = 50 + 8x Based on the above estimated regression line, if advertising is $1000, then the point estimate for sales (in dollars) is
a. $8050. b. $130. c. $130,000. d. $1,300,000.