Your new firm just purchased a storage building and property for $40,000 that was paid for with a $20,000 long-term loan and a new infusion of $20,000 from the owners. Which of the following accounting entries is most appropriate?
A) $40,000 increase in plant, property and equipment, a $20,000 decrease in long-term debt, and a $20,000 decrease in owners equity.
B) $40,000 increase in plant, property and equipment, a $20,000 increase in long-term debt, and a $20,000 increase in owners equity.
C) $40,000 increase in cash and a $40,000 increase in plant, property, and equipment.
D) $40,000 increase in plant, property and equipment and a $40,000 increase in cash.
B
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With increasing competition in the restaurant business, Sal, owner of Mom's Pizza, is dealing with growing uncertainty. He is meeting with his managers to develop a future course of action to meet company goals. This process is known as
A. planning. B. leading. C. controlling. D. defining. E. diversifying.
The Nielsen Company and IRI are examples of ________, or firms that gather consumer and trade information which they sell for a fee
A) customer marketing research firms B) internal marketing insights departments C) qualitative marketing intelligence agencies D) syndicated-service research firms E) specialty-line marketing research firms
Litigation can be used to resolve a dispute between parties when ________
A) a waiver of judicial review has been stipulated B) a less public means of resolving disputes is desirable C) contracts do not contain arbitration clauses D) two or more families of law need to be enforced
____________________ is having confidence or relying on the integrity and abilities of other people.
Fill in the blank(s) with the appropriate word(s).