Which of the following transactions would have no effect on the amount of total assets?
a. issuing capital stock
b. distributing dividends to shareholders
c. receiving cash from customers before delivering the services
d. paying salary to employees
e. acquiring assets for cash
Ans: e. acquiring assets for cash
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In the recency perceptual error, a person
A. Evaluates people by comparing them with characteristics of other people observed in the recent past. B. Over-relies on information from the last portion of the review period. C. Consistently evaluates people in an extremely positive fashion. D. Forms an overall impression, and then uses that impression to bias ratings. E. Avoids all extreme judgments and rates everyone as average or neutral.
Data quality is important for all of the following reasons EXCEPT:
A) it minimizes project delay. B) it aids in making timely business decisions. C) it provides a stream of profit. D) it helps to expand the customer base.