Prior service cost is recognized as pension expense over a period of several years under IFRS

Elwood Company purchases a truck for $8,000, paying $2,000 in cash and signing a note payable for the remaining amount. Which of the following is true of this transaction?

a. total assets will increase by $8,000 b. total liabilities will decrease by $6,000 c. assets and liabilities will increase by $6,000 d. total liabilities will increase by $8,000 e. assets and liabilities will decrease by $8,000

The construction foreman posted a large sign requiring all work site visitors to don a hard hat and safety glasses. He also purchased copious quantities of both items and made them readily available at the entrance. The foreman is engaged in:

A) Risk identification. B) Risk mitigation. C) Analysis of probability and consequences. D) Control and documentation.