Payment is made for an electric bill which was received and recorded earlier. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase.
b. Assets increase and stockholders' equity increases.
c. Liabilities increase and stockholders' equity decreases.
d. Liabilities decrease and assets decrease.
d
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A company's environmental sustainability strategy consists of its deliberate actions to
A. provide for the defense of natural resources usage within cross-border commitments. B. operate the business in a manner that promotes the longevity of sustainability effects. C. guard against ultimate endangerment of the business. D. moderate assurance for ecological support systems for future generations. E. shelter the environmental impacts from the company's resources and competitive capabilities.
Ron signs a contract with Sam, a door-to-door salesperson for Tutors, Inc., to buy a foreign-language course. To cancel the contract, Ron has up to
A. three days. B. thirty days. C. sixty days. D. ninety days.
There are no limits in security deposits in commercial leases
Indicate whether the statement is true or false
Investment returns on qualified retirement funds are taxed.
Answer the following statement true (T) or false (F)