Callahan Corporation recorded an adjusting entry using T-acc…

Callahan Corporation recorded an adjusting entry using T-accounts as follows: Interest ReceivableDebitCredit75 Interest RevenueDebitCredit 75 Which of the following reflects how this adjustment affects the company’s financial statements? Balance SheetIncome StatementStatement of Cash FlowsAssets=Liabilities+Stockholders’ EquityRevenue−Expense=Net IncomeA.Increase=Increase+ − = Increase Financing Activity (FA)B.Increase= +IncreaseIncrease− =Increase C.Increase= +IncreaseIncrease− =IncreaseIncrease Operating Activity (OA)D.Decrease= + Decrease− =Decrease

Garrison Company acquired $23,000 by issuing common stock. W…

Garrison Company acquired $23,000 by issuing common stock. Which of the following accurately reflects how this event affects the company’s accounting equation? Assets=Liabilities+Common Stock+Retained EarningsA.23,000= +23,000+ B. =23,000+(23,000)+ C. = +23,000+(23,000)D.23,000= + +23,000

Callahan Corporation recorded an adjusting entry using T-acc…

Callahan Corporation recorded an adjusting entry using T-accounts as follows: Interest ReceivableDebitCredit75 Interest RevenueDebitCredit 75 Which of the following reflects how this adjustment affects the company’s financial statements? Balance SheetIncome StatementStatement of Cash FlowsAssets=Liabilities+Stockholders’ EquityRevenue−Expense=Net IncomeA.Increase=Increase+ − = Increase Financing Activity (FA)B.Increase= +IncreaseIncrease− =Increase C.Increase= +IncreaseIncrease− =IncreaseIncrease Operating Activity (OA)D.Decrease= + Decrease− =Decrease

On June 1, Year 1, Jack Associates collected $48,000 cash fo…

On June 1, Year 1, Jack Associates collected $48,000 cash for consulting services to be provided for one year beginning immediately. Based on this information, which of the following shows how the required adjustment on December 31, Year 1, would affect Jack’s balance sheet? Balance SheetAssets=Liabilities+Stockholders’ EquityCash+Prepaid Rent=Unearned Revenue+Common Stock+Retained EarningsA. + =(28,000)+ +28,000B. + =20,000+ +(20,000)C. + =(20,000)+ +20,000D. + =28,000+ +(28,000)

Tyrone is watching a late-night TV show when a low-budget co…

Tyrone is watching a late-night TV show when a low-budget commercial for a local restaurant comes on air. He is affronted by the poor quality of the commercial and immediately tunes out the message without processing any of the information. According to the elaboration likelihood model (ELM), Tyrone is engaging in which route to persuasion?