Net Income: Multiple Choice Decreases equity. Represents the amount of assets owners put into a business. Equals assets minus liabilities. Occurs when revenues exceed expenses. Represents creditor claims against assets.

Resources that are valuable but not rare can be categorized asanswers: organizational weaknesses.distinctive competencies.organizational strengths.complementary resources and capabilities.

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

Post test question number 9 for entering the job market