The cash basis of accounting is prohibited for income tax purposes

Which statement is true?

a. Expenses increase Owner's equity b. Expenses decrease Owner's equity c. Expenses increase Owner's withdrawal d. Expenses decrease Owner's withdrawal e. None of these

If you have five friends who tell you they all have had great experience with their purchase of a Chevrolet, and you used this evidence to decide to buy a Chevrolet, you would be using:

A) consumer self-report and evaluation B) deductive statistics C) generalization D) independent judgment E) statistical logic