The purchase of equipment financed by a long-term notes payable is an example of ________
A) investing activity
B) financing activity
C) operating activity
D) non-cash investing and financing activity
D
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Describe classical economists.
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Place Corp purchased supplies at a cost of $12,000 during the year. At January 1, supplies on hand were $2,000 . At December 31, supplies on hand are $1,000 . Determine the amount of supplies expense for the year
a. $ 10,000 b. $ 12,000 c. $ 13,000 d. $ 14,000
Quality Heating Company has the following liabilities at year end: Notes Payable $20,000 Accounts Payable 15,000 Unearned Contract Revenue 9,000 Wages Payable 2,900 Interest Payable 700 Income Taxes Payable 1,500
a. Which of these accounts probably was created at the end of the fiscal year as a result of an accrual? Which probably was adjusted at year end? Explain your answer. b. Which adjustments probably reduced net income? Which probably increased net income? Explain your answers.
Communication between consumers about a brand, marketing offer, or marketing message is referred to as ________
A) publicity B) public relations C) direct marketing D) word of mouth E) personal selling