Which of the following would result if a business purchased equipment with a 40% down payment and the rest on account?

a) equipment would increase and cash would decrease
b) accounts payable would increase
c) since the equipment has not been paid in full, there is nothing to record
d) both a and b

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Corporation had a japanese yen receivable resulting from exports to japan and a brazilian real payable resulting from imports from brazil. gracie recorded foreign exchange gains related to both its yen receivable and real payable. did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?

Heyak believed that the economy could be hard to measure because