Which of the following does not correctly describe an adjusting journal entry that debits interest expense and credits interest payable? the entry increases expenses and decreases retained earnings. the entry decreases assets and decreases stockholders' equity. the entry decreases net income and decreases stockholders' equity. the entry increases expenses and increases liabilities.

What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in your cultural map?

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount