Financial performance measures are known as lag indicators. A lag indicator is a performance measure that predicts future performance

Dewey, Cheatem & Howe, Inc., received cash from selling 500 shares of its $0.50 par value common stock at $12 per share. What happens to assets?

A. 0 No Effect B. (6,000) Common Stcok C. 250 Common Stock D. 6,000 Common Stock E. 250 Common Stock; 5,750 Paid-in Capital in Excess of Par F. 5,750 Common Stock; 250 Paid-in Capital in Excess of Par G. (250) Common Stock; (5,750) Paid-in Capital in Excess of Par H. 6,000 Sales Revenue I. 6,000 Cash J. 250 Cash K. (6,000) Cash

LuAnn Chandler recently opened a new office as a Certified Public Accountant (CPA). LuAnn bought a fireproof four-drawer vertical filing cabinet for $857.40 . If the vendor had marked it up by $229, how much did the vendor pay for the filing cabinet?