Nelson corporation is required to record an inventory write-down of $2,500 as a result of using the lower-of-cost-or-market rule. which of the following shows how this entry would affect the financial statements? assets = lia. + stk. equity rev. - exp. = net inc. stmt of cash flows a. (2,500) na (2,500) na 2,500 (2,500) na b. (2,500) (2,500) na na na na na c. na (2,500) 2,500 2,500 na 2,500 na d. (2,500) na (2,500) na 2,500 (2,500) (2,500)

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.

What business practice contributed most to andrew carnegie’s ability to form a monopoly?