Author Question: According to COBIT, IT resources include applications, information, infrastructure, and people. ... (Read 45 times)

Mollykgkg · **on:** Jul 5, 2018

According to COBIT, IT resources include applications, information, infrastructure, and people.
Indicate whether the statement is true or false

Question 2

Identify the effects of each transaction on total assets, total liabilities, and total shareholders' equity by writing increase or decrease.

Shareholders' equity
Transaction Total assets Total liabilities Contributed capital Retained earnings
a. Received cash and issued common stock.
b. Purchased inventory for cash.
c. Purchased supplies for cash.
d. Sold inventory to customers for cash.
e. Paid advertising for the month.

BAOCHAU2803 · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

T

Answer to Question 2

Shareholders' equity
Total
assets Total liabilities Contributed capital Retained earnings
a. Increase Increase
b. Increase
Decrease
c. Increase
Decrease
d. Increase
Decrease Increase
Decrease
e. Decrease Decrease