What effects occur on a retail store's accounting equation when it records purchase of merchandise on account, assuming the use of a perpetual inventory system?
A) Assets and equity increase.
B) Assets and equity decrease.
C) Assets and liabilities increase.
D) No net effect.
C
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Standing up when customers arrive or approach is an indicator of a customer-focused behavior.
Answer the following statement true (T) or false (F)
Primary credit discount loans for profit will be zero when
A. primary credit discount rate is equal to secondary credit discount rate. B. primary credit discount rate is greater than federal funds rate. C. primary credit discount rate is lesser than federal funds rate. D. primary credit discount rate is equal to nominal short-term interest rate.
The client's verbal evidence is more reliable than evidence from independent outside sources
a. True b. False Indicate whether the statement is true or false
What does a psychological contract assume about people?
What will be an ideal response?