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nadya68 [22]
3 years ago
15

Norman Company had a transaction that increased its assets by $5,000 and increased its liabilities by $5,000. This transaction c

ould have been a(n) a. payment for a one-year insurance policy that will expire next year. b. purchase of office equipment for cash. c. purchase of supplies for on account. d. payment of a dividend. e. investment of cash into the business by the stockholders.
Business
1 answer:
Nata [24]3 years ago
3 0

Answer:

The answer is: C) purchase of supplies for on account.

Explanation:

When Norman Company bought office supplies it will record them as supplies on hand, which are a type of current asset.

When you buy things on account, it means that you will pay the purchase at a later date, so a liability must be recorded.

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Question 2
AlladinOne [14]

Answer: General Partnership

Explanation:

Since both Kyle and Palo are equally responsible for the businesses' risks and rewards and they also combine their resources together, then this is a general partnership.

For a general partnership, they both take active part in the business and also have unlimited personal liabilities.

Therefore, the answer is general partnership.

8 0
3 years ago
Assuming that Intel needs to borrow money in the bond market to build a new chip-making factory, an increase in interest rates a
Alexeev081 [22]

Answer:

The cost of borrowing money becomes greater.

Explanation:

To borrow money from the bond the firm Intel needs to issue bonds. Then, it needs to pay interest on these bonds. This interest is the cost of borrowing.

When there is an increase in the interest rate in the market, the firm will be required to more interest. This increases the cost of borrowing from the bond market.

The returns from the new factory may not be able to cover this increased cost of borrowing. As a result the firm will be discouraged from borrowing.

3 0
3 years ago
On the first day of its fiscal year, Chin Company issued $10,000,000 of five-year, 7% bonds to finance its operations of produci
Korvikt [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

3 0
4 years ago
Bob roberts founded robertico, an equipment leasing company, three decades ago. although he is now in his seventies, he still ha
sergij07 [2.7K]

Bob has an autocratic buying center culture

Reason: Here we refer to "hands on" management style which means Bob has supreme power on all his employees. Everything in the organization has to be done as per his terms. Hence we can say that this is an autocratic form of culture

8 0
3 years ago
When is the most important information given in a newscast?
Nadusha1986 [10]
I would think that it would be the middle

8 0
4 years ago
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