_____ computing is the provision of IT services on demand
Fill in the blank(s) with correct word
Utility
On-demand
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On July 1, 2014, Falcon Company received a $20,000 promissory note for services from Jordyn Company. The annual interest rate is 5%. Principal and interest are paid in cash at the maturity date of June 30, 2013. The effect on Falcon's financial statements on July 1, 2014 is as follows
a. Assets increase? owners' equity increases b. Assets decrease and owners' equity decreases c. Assets decrease d. No net change in assets
The total revenue for the month of March was $3,000, total expenses were $4,500, withdrawals amounted to $800, and additional investment made during the month totaled $2,500 . The net income or net loss for the month was
a. $500 income; b. $1,000 income; c. $3,000 income; d. $4,500 loss; e. $1,500 loss.
A credit to an asset account means that asset account has been increased
Indicate whether the statement is true or false
Eric and ____ led the brainstorming session during the division meeting on Monday
A) her B) she C) herself