Loans to deposits for a bank is a type of debt coverage ratio
Indicate whether the statement is true or false
T
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Ramierez Company received their first electric bill in the amount of $60 which will be paid next month. How will this transaction affect the accounting equation?
A) Increase Liabilities (Accounts Payable) and decrease Owner's Equity (Utilities Expense) B) Increase Liabilities (Accounts Receivable) and decrease Owner's Equity (Utilities Expense) C) Decrease Assets (Cash) and decrease Liabilities (Accounts Payable) D) Decrease Assets (Cash) and decrease Owner's Equity (Utilities Expense)
The O in the acronym for the OUCH test stands for what?
A. Objective: fact-based and quantifiable, not subjective or emotional B. Ornery: difficult to deal with or to control C. Ostentatious: displaying wealth or knowledge in a way that attracts attention D. Obvious: easy for the mind to understand or recognize E. None of the above
Comparing yourself to others can only have a negative influence on your self-concept.
Answer the following statement true (T) or false (F)
Most states have financial responsibility laws that require individuals who drive cars to purchase a minimum amount of liability insurance
Indicate whether the statement is true or false.