Arrowhead delivery service is owned and operated by gates deeter. the following selected
transactions were completed by arrowhead delivery service during august:
1. received cash from owner as additional investment, $25,000.
2. paid creditors on account, $3,750.
3. billed customers for delivery services on account, $22,400.
4. received cash from customers on account, $11,300.
5. paid cash to owner for personal use, $6,000.
indicate the effect of each transaction on the accounting equation elements (assets,
liabilities,
owner's equity, drawing, revenue, and expense). also indicate the specific
item within the accounting equation element that is affected. to illustrate, the answer to
(1) is shown below.
(1) asset (cash) increases by $25,000; owner's equity (gates deeter, capital) increases
by $25,000.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer