a. Toyota takes out a bank loan to finance the construction of a new factory. Toyota (Click to select) a (Click to select) asset—the factory. The loan is a (Click to select) asset that is (Click to select) in the transaction. b. Toyota pays off its loan. When the loan is repaid, the (Click to select) asset is (Click to select) but the (Click to select) asset continues to exist. c. Toyota uses $10 million of cash on hand to purchase additional inventory of spare auto parts. The cash is a (Click to select) asset that is traded in exchange for a (Click to select) asset, inventory.

Which of the following best describes biochemical evidence that would not support the modern concept of evolution? a. a bacterium that uses inorganic materials to produce energy b. an organism that does not undergo cellular respiration c. a species of bacteria that is capable of photosynthesis d. an organism that undergoes both aerobic and anaerobic respiration

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

To record a 6% stock dividend, accountants use to record a 55% stock dividend, accountants use a. par value per share; market price per share b. par value per share; par value per share c. market price per share; market price per share d. market price per share; par value per share