Any kind of money that a creditor must by law accept in payment for debts is called.

a. barter

c. legal tender

b. cash

d. tender money

If total assets decreased by $49,029 during a period of time and stockholders' equity increased by $27,095 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is

Gwendolyn and jack francis are investors with no financial training or investment background. which approach will they likely take?

The following events occurred for Favata Company: Received $16,000 cash from owners and issued stock to them. Borrowed $13,000 cash from a bank and signed a note due later this year. Bought and received $1,400 of equipment on account.

Which of the following is an asset account? A. Wages PayableB. Unearned RevenueC. Accounts ReceivableD. Notes Payable

Duke Company has net fixed assets of $400,000, short-term liabilities of $30,000, long-term liabilities of $20,000, common stockholders' equity of $90,000, and total stockholders' equity of $100,000 (including the common).

Special-purpose technology is a common way of offering increased customization in manufacturing or services without taking on additional labor costs. True/False

You are to receive $500 at the end of one year; $250 at the end of two years; $300 at the end of three years. if the interest rate is 5%, what is the present value of these cash flows?

U. S. based Majestic Co. sells products to U. S. consumers and purchases all of materials from U. S. suppliers. Its main competitor is located in Belgium. Majestic Co. is subject to: Options: O economic exposure. O transaction exposure.

A comprehensive evaluation of the group of businesses a company has diversified into involves: a. evaluating the attractiveness of industries the company has diversified into and the competitive strength of each of its business units. b.

Interior Design Group is an all equity firm that has 40,000 shares of stock outstanding. The company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares.