True or False: A statistics professor wanted to test whether the grades on a statistics test were the same for upper and lower classmen. The professor took a random sample size of 10 from each, conducted a test and found out that the variances were equal. For this situation, the professor should use a t test with related samples

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

Ariel Tax Planning Service has the following plant assets: Communications equipment: Cost, $8,640 with useful life of 8 years; Furniture: Cost, $18,000 with useful life of 12 years; and Computer: Cost, $13,440 with useful life of 4 years

Assume the residual value of all the assets is zero and the straight-line method is used. Ariel's monthly depreciation journal entry will include a ________. A) debit to Depreciation Expense of $5,940 B) credit to Depreciation Expense of $5,940 C) debit to Accumulated Depreciation of $495 D) credit to Accumulated Depreciation of $495