Cheyenne Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,090. 4 Pays insurance in advance for 3 months, $1,270. 16 Receives $700 from clients for services rendered. 27 Pays the secretary $490 salary. Journalize the transactions.

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.