Below is a list of activities for Vikings Incorporated. Required:
For each activity, indicate the impact on the accounting equation. After doing all the transactions, ensure that the accounting equation remains in balance. The first item is provided as an example.
Transaction Assets * Liabilities * Stock
holder
Equity
1. Issue common stock in exchange for cash, $15,000 $15,000 $15,000
2. Obtain a loan from the bank for $9.000
3. Receive cash of $1,200 in advance from customers.
4. Purchase supplies on account, $2.400
5. Pay one year of rent in advance $12,000
6. Provide services to customers on account, $3,000
7. Repay $4,000 of the loan in (2) above.
8. Pay the amount for supplies purchased in (4) above.
9. Provide services to customers in (3) above
10. Pay cash dividends of $1,000 to stockholders
Totals

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.