Abusiness incurred an expense and paid it immediately. to record this transaction,
a. an expense is debited, and a liability is credited.
b. an expense is debited, and an asset is credited.
c. an expense is debited, and capital is credited.
d. none of the above

As you have noticed, the demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. also, the current buyers of flip phones are mainly categorized under laggards. which of the following stages of the industry life cycle is the flip phone industry in currently? a. growth stage b. maturity stage c. decline stage d. commercialization stage