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Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: February 28, 2018 March 31, 2018 Cash 214,900 364,800 Accounts receivable 121,800 140,000 Supplies 1...
Computer Corporation is starting its computer programming business and has sold stock of $15,000. Identify how the accounting equation will be affected. a.increase in assets (Cash) and increase in stockholders' equity (Common Stock) b.increase in ass...
The asset created by a business when it makes a sale on account is termed a.accounts receivable b.prepaid expense c.interest revenue d.accounts payable ...
The assets and liabilities of a company are $89,027 and $47,618, respectively. Stockholders' equity should equal a.$47,618 b.$41,409 c.$89,027 d.$136,645 ...
Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $90,263. The Focus Company initially offered to buy the land for $111,739. The companies settled on a purchase price...
As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $927,108 and liabilities of $267,206. During Year 2, stockholders invested an additional $28,884 and received $25,494 in dividends from the business. What...
Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $85,924. The Focus Company initially offered to buy the land for $111,797. The companies settled on a purchase price...
The assets and liabilities of a company are $88,887 and $46,424, respectively. Stockholders' equity should equal a.$88,887 b.$46,424 c.$42,463 d.$135,311 ...
If total liabilities decreased by $27,741 during a period of time and stockholders' equity increased by $30,186 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a a.$27,741 increase b.$...
If total assets decreased by $51,699 during a period of time and stockholders' equity increased by $27,092 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is a.$78,791 increase ...
Land, originally purchased for $27,289, is sold for $74,668 in cash. What is the effect of the sale on the accounting equation? a.assets increase by $18,465; no change in liabilities; stockholders' equity increases by $74,668 b.assets increase by $74...
Earning revenue a.increases assets, decreases stockholders' equity b.increases assets, increases stockholders' equity c.decreases assets, increases liabilities d.increases one asset, decreases another asset ...
If total assets decreased by $48,119 during a period of time and stockholders' equity increased by $29,032 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is a.$20,843 increase ...
Land, originally purchased for $28,488, is sold for $78,795 in cash. What is the effect of the sale on the accounting equation? a.assets increase by $78,795; liabilities decrease by $28,488; stockholders' equity increases by $50,307 b.assets increase...
If total liabilities decreased by $26,081 during a period of time and stockholders' equity increased by $33,567 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a a.$7,486 decrease b.$2...
If a firm does not identify the changes in macro-environments, they could easily find themselves losing the market share. True or False ? ...
The market planning process is a systematic method of identifying and responding to market opportunities. Goals are selected, and opportunities to achieve these goals are identified. Once target markets are identified, the firm then adapts the market...
The role of the marketing plan is to provide answers to basic questions important to the success of the organization, such as who are your customers, and what value do you create for your customers? True or False ? ...
Ethical choices mean that u space ethical choices and dilemmas in their role every day. And ethical dilemmas, that decision-making situation where we have several options to choose from. Some of which are fuzzy in terms of whether or not they are rig...
. It political model of decision-making occurs one, decision-makers focus on the most important interests and make decisions that are considered good enough to satisfy those interests. The garbage can model of decision-making occurs when decision mak...
Organizing function of management. The organizing function of management typically follows the planning function. This function of management uses human, physical, and financial resources. Managers who perform this function of management must identif...
The planning function of management. Planning is the process of setting goals for the organization. In developing strategies for achieving them. When managers plan, they determine a course of action to take in order to meet specific goals. This is th...
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