Explain how the following general journal entry affects the accounting equation. Accounts Receivable500 Service Revenue 500
A. Assets increase and stockholders' equity decreases.
B. Both assets and stockholders' equity increase.
C. Both liabilities and assets increase.
D. Liabilities increase and stockholders' equity decreases.
Answer: B
You might also like to view...
A disadvantage of _____ software applications is that they are less likely to be compatible with other organizations' systems.
A. licensed B. open-source C. purchased D. custom-designed
The chart of accounts is a list of all accounts used by a business
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. There is no best leadership style; leadership style needs to fit the type of employee being managed. 2. Ethical leadership means trying not to discipline or fire employees. 3. When a manager’s position changes and her title changes from “department head” to “vice president,” she has increased in legitimate power. 4. Ethical behavior in a manager’s private life is mostly irrelevant to employees’ view of him or her as an ethical manager. 5. If an employee has an ethical leader, it has been shown that she is more likely to exhibit moral courage.
Understanding gendered styles in communication may help:
a. Teams train their members to adopt the more superior feminine style. b. Teams train their members to adopt the more superior masculine style. c. Members meet the communication needs of each other. d. Members change their styles.