The classification and normal balance of the accounts payable account is
A) an asset with a credit balance
B) a liability with a credit balance
C) owner's equity with a credit balance
D) revenue with a credit balance
B
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Capital stock that has been sold and disbursed is known as ____________________
Fill in the blank(s) with correct word
If most, but not all, of the obligations of a contract have been finished the contract is considered in breach until completed
a. True b. False Indicate whether the statement is true or false
Danielle's Sushi Shop last year had (1) a negative net cash flow from operations, (2) a negative free cash flow, and (3) an increase in cash as reported on its balance sheet. Which of the following factors could explain this situation?
A. The company had a sharp increase in its depreciation and amortization expenses. B. The company had a sharp increase in its inventories. C. The company had a sharp increase in its accrued liabilities. D. The company sold a new issue of common stock. E. The company made a large capital investment early in the year.
Strict liability is imposed only for an act that departs from a reasonable standard of care to cause an injury.
Answer the following statement true (T) or false (F)