What effect does "recognizing an accrued liability for utilities at the end of the accounting period" have on the accounting equation?
a. Assets decrease and stockholders' equity decreases.
b. Liabilities increase and stockholders' equity increases.
c. Assets decrease and liabilities decrease.
d. Liabilities increase and stockholders' equity decreases.
d
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The power of judicial review gives the courts the right to review legislative enactments andto determine if any law is inconsistent with the Constitution
a. True b. False
In vertical analysis, each item is expressed as a percentage of:
A. Total assets on the balance sheet. B. Total current assets on the balance sheet. C. Total cash on the balance sheet. D. None of these answers is correct.
Jill's ordered 1,000 boxes of white paper for use in copying machines. The Paper Company delivered 1,000 boxes of orange paper. Jill's rejected the order but had to put the boxes in storage for two weeks until Paper could get the paper and deliver the right paper. Jill's lost sales to Kingaroos while waiting for the right paper. Suing Paper, Jill's may recover:
a. the reasonable costs of inspecting the goods b. the reasonable costs of storing the paper c. the value of lost sales d. none of the other choices would be covered e. all of the other specific choices would be possible
What is an artificial intelligence system that mimics the evolutionary, survival-of-the-fittest process to generate increasingly better solutions to a problem?
A. Intelligent system. B. Artificial intelligence. C. Neural network. D. Genetic algorithm.