Every transaction affects at least two accounts.

a. true
b. false

Ans: a. true

Business

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Use Table 8.9 to determine the MAD for period 5 for the department chairman's forecast

A) 2.0 B) 2.8 C) 2.67 D) 2.42

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A firm with a low return on total assets can improve its return on equity, all else remaining the same, by ________

A) increasing its debt ratio B) increasing its total asset turnover C) decreasing its debt ratio D) decreasing its total asset turnover

Business