Null values can cause problems because they are ambiguous

Janus, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2017. The bonds mature 20 years from the date of purchase. Janus plans to hold the bonds until maturity. How does the March 30, 2017 transaction affect the accounting equation?

A) liabilities will increase B) equity will decrease C) long-term assets will decrease D) total assets will remain unchanged

Daryl Corporation reports costs for the year as follows

Direct Materials Used $780,000 Wages to Line Workers 245,000 Office Rent 33,000 Indirect Materials Used 800,000 How much is the total product costs for the year? A) $800,000 B) $1,825,000 C) $1,858,000 D) $1,025,000