« previous next »

Author Question: Application controls restrict access to data, programs, and documentation. Indicate whether the ... (Read 67 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
on: Jul 5, 2018
Application controls restrict access to data, programs, and documentation.
  Indicate whether the statement is true or false

Question 2

Adam Key started a lock service out of his house. It is profitable, but the latest statement of changes in shareholders' equity shows a decrease. Review the statement and advise Adam on what the business should do.
 
  Adam Key's Locks
   Statement of Changes in Shareholders' Equity
   For the Month of September 30, 2012
 
  Beginning contributed capital 40,000
  Add: Capital contributed during the month 0
  Ending contributed capital 40,000
  Beginning retained earnings 27,000
  Add: Net income 3,000
  Less: dividends (3,500)
  Ending retained earnings 26,500


momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 5, 2018
Answer to Question 1

F

Answer to Question 2

Adam is drawing more money out of the business than he is making in profit. If he wants to grow the business, he will have to take out less than the business makes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Energy budget for a temperate deciduous forest (data from Gosz et al. 1978). Energy budget for a temperate deciduous forest (data from Gosz et al. 1978).
The phosphorus cycle. Numbers are 1012 g P or fluxes as 1012 g P per year (data from Schlesinger 199 The phosphorus cycle. Numbers are 1012 g P or fluxes as 1012 g P per year (data from Schlesinger 199
Vapocoolant spray application while passively stretching the paracervical muscles. Take care to prot Vapocoolant spray application while passively stretching the paracervical muscles. Take care to prot
Handwritten documentation. Handwritten documentation.
Application and Integration Application and Integration
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library