This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Mac, Inc. purchased a truck on October 1, 2011 in exchange for a 12-month, 9, 100,000 note. What ... (Read 118 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jul 5, 2018
Mac, Inc. purchased a truck on October 1, 2011 in exchange for a 12-month, 9, 100,000 note. What effect does the October 31, 2011 adjusting entry for interest have on the company's total shareholders' equity?
 
  A) increase
  B) decrease
  C) no effect

Question 2

Which component of the ERM framework is best described here: Management selects whether to avoid, accept, reduce, or share risk  developing a set of actions to align risks with the entity's risk tolerances and risk appetite.
 a. control activities
  b. event identification
  c. risk assessment
  d. risk response


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

14vl19

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

D


vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jul 5, 2018
Thank you


14vl19

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jul 5, 2018
No problemo


« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Simple food web of an Arctic island. NOTE: The indication of detritivores and pathogens was not part Simple food web of an Arctic island. NOTE: The indication of detritivores and pathogens was not part
Approximately 1 pound (0.45 kg) of ground elk meat formed into patties; note the relatively small fa Approximately 1 pound (0.45 kg) of ground elk meat formed into patties; note the relatively small fa
The lower respiratory tract and the process of gas exchange. The lower respiratory tract and the process of gas exchange.
An intermediate shaft drives the oil pump on this overhead camshaft engine. Note the main gallery ... An intermediate shaft drives the oil pump on this overhead camshaft engine. Note the main gallery ...
Pneumonia patient’s chest x-ray. Note the irregular areas of density. Pneumonia patient’s chest x-ray. Note the irregular areas of density.
Gram-stained cervical smear. Note the gram-negative diplococci Neisseria gonorrhoeae ... Gram-stained cervical smear. Note the gram-negative diplococci Neisseria gonorrhoeae ...
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library