A business purchases equipment for $8,000 cash. Which of the following accounts is debited?

A) Cash
B) Accounts Payable
C) Common Stock
D) Equipment


D

Business

You might also like to view...

Establishing the nonprofit’s mission is the responsibility of the organization’s ______.

A. board B. members C. chief executive officer D. human resources department

Business

Burke confers on Alexander Hamilton the title of change leader par excellence. Explain what he means.

What will be an ideal response?

Business

If D1 = $1.50, g (which is constant) = 2.1%, and P0 = $56, then what is the stock's expected capital gains yield for the coming year?

A. 2.50% B. 2.39% C. 2.08% D. 2.10% E. 1.66%

Business

The rate of return that equates the present value of cash inflows and outflows is the:

A. hurdle rate. B. desired rate of return. C. minimum rate of return. D. internal rate of return.

Business