When writing descriptions and process analyses, you should
A) Preface your text with a title that states the topic. B) Explain the product's functions or capabilities in an introduction. C) Avoid using graphics. D) All of the above. E) A and B.
E
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A business paid $9000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to
A. increase one asset, decrease another asset B. increase an asset, increase a liability c. decrease an asset, decrease a liability D. increase an asset, increase owner's equity
Which of the following is true of the Discount on Bonds Payable account?
A) It is added to the Bonds Payable balance and shown with long-term liabilities on the balance sheet. B) It is subtracted from the Bonds Payable balance and shown with the current liabilities on the balance sheet. C) It is added to the Bonds Payable balance and shown with stockholders' equity on the balance sheet. D) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet.