If land is purchased for cash:
A. total assets will increase.
B. total assets will remain the same.
C. total assets will decrease.
D. stockholders' equity will increase.
Answer: B
You might also like to view...
Which of the following transactions is a significant noncash investing and financing activity?
a. Land is purchased for cash. b. Bonds are issued for cash. c. Cash equivalents are purchased. d. Equipment is acquired by issuing a long-term note.
When reinforcing your position, you should pay special attention to what?
A) The logic of the arguments B) Emotional appeal C) Potential objections D) Word choices E) Message format
________ focus on offering lower prices and turning products over quickly
A) Specialty stores B) Discount stores C) Department stores D) Superstores E) Category killers
The training consultant feels that the sales representatives need to understand the entire market to put their customers' needs and buying motives in context
To understand the entire industry, the training consultant recommends that the sales representatives learn more about: A) customers' business plans B) competitor companies' products and pricing C) management's five-year plan D) the history of the lumber industry E) the close rates of other sales reps in the company