A bill is received for electric service; the charge for the electricity is recorded, but payment will be made later. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase.
b. Assets increase and stockholders' equity increases.
c. Liabilities increase and stockholders' equity decreases.
d. Liabilities decrease and assets decrease.
c
Business
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Whenever possible, an appraiser would estimate the value of land on the basis of:
A: The original purchase price plus the cost of making off-site and on-site improvements; B: The size, location and utility; C: The original cost plus the expense of making it usable; D: The selling prices of comparable sites.
Business
If your firm is fully insured, the NPV of implementing the new safety policies is closest to ________
A) $2.15 million B) $2.5 million C) $2.25 million D) -$.25 million
Business