Concord Company purchases equipment for $2770 and supplies for $400 from Ivanhoe Co. for $3170 cash.
The entry for this transaction will include:

A. credit to Cash for Ivanhoe.
B. credit to Accounts Payable for Concord.
C. debit to Equipment $2770 and a debit to Supplies $400 for Concord.
D. debit to Equipment $2770 and a debit to Supplies Expense $400 for Ivanhoe.

Among the advantages of corporations are the ease of raising financial capital, professional management, and a. rapid promotions b. lower taxes c. limited liability d. specialization

Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution

An attorney came to work on a saturday. when he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. however, he stayed past 5 p.m. to complete a brief that had to be filed on monday morning. at 5: 15 p.m., the afternoon security guard set the locks on all the doors of the building and left. because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. when the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. he used his cell phone to call for , and a supervisor from the building arrived and let him out shortly thereafter. if the attorney sues the building management for false imprisonment, is he likely to win?