An adjusting entry
A. affects two balance sheet accounts
B. affects two income statement accounts
C. affects a balance sheet account and an income statement account
D. is always a compound entry
Ans: C. affects a balance sheet account and an income statement account
Business
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Small-scale entrants are more likely to capture first-mover advantages associated with switching costs
Indicate whether the statement is true or false.
Business
A product whose EOQ is 400 units experiences a 50% increase in demand. The new EOQ is:
A) unchanged. B) increased by less than 50%. C) increased by 50%. D) increased by more than 50%. E) cannot be determined
Business