Flagler Company purchased equipment that cost $90,000. The equipment had a useful life of 5 years and a $10,000 salvage value. Flagler uses the double-declining-balance method. Which of the following choices accurately reflects how the recognition of the first year’s depreciation would affect the financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Revenue − Expense = Net Income A. (32,000) = + (32,000) − 32,000 = (32,000) (32,000) Operating activity B. (16,000) = + (16,000) − 16,000 = (16,000) C. (36,000) = + (36,000) − 36,000 = (36,000) (36,000) Operating activity D. (36,000) = + (36,000) − 36,000 = (36,000)

On December 31, Year 1, Kardashian Company recorded an adjusting entry to recognize $5,710 of uncollectible accounts expense. Which of the following shows how this entry will affect Kardashian’s financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Revenues − Expenses = Net Income A. $ (5,710) = + $ (5,710) − $ 5,710 = $ (5,710) $ (5,710) OA B. $ (5,710) = + $ (5,710) − $ 5,710 = $ (5,710) C. $ (5,710) = + $ (5,710) − $ 5,710 = $ (5,710) $ (5,710) FA D. $ (5,710) = $ (5,710) + − $ 5,710 = $ (5,710)

Blake Company established a petty cash fund in the amount of $400. At the end of the accounting period, the petty cash box contained receipts for expenditures amounting to $180 and $215 in cash. If the company records both the disbursements and replenishments to the fund, what effect will replenishing the fund have on total assets and expenses? Total Assets Expenses A. −$ 180 +$ 185 B. −$ 185 +$ 185 C. −$ 185 +$ 180 D. −$ 180 +$ 180

Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock. As of December 31, Year 3, Gilligan’s stockholders’ equity accounts report the following balances: Common stock, $6 par, 500,000 shares authorized, 55,000 shares issued and outstanding $ 330,000 Paid-in capital in excess of par – Common 440,000 $ 770,000 Retained earnings 1,400,000 Total stockholders’ equity $ 2,170,000 At the end of Year 3, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $22 per share. What is the number of shares outstanding after the stock dividend is issued?

On March 1, Year 1, Gilmore Incorporated declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred stock. The dividend will be paid on May 1, Year 1 to the stockholders of record as of April 1, Year 1. How will the May 1 payment of the dividend affect the financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Revenue − Expense = Net income A. = 4,500 + (4,500) − = (4,500) FA B. (4,500) = (4,500) + − = (4,500) FA C. (9,000) = (9,000) + − = (9,000) IA D. = + − =

The board of directors of Chandler Company declared a cash dividend. Which of the following choices accurately reflects how this event would affect the company’s financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Revenue − Expense = Net income A. = Increase + Decrease − Increase = Decrease B. Decrease = + Decrease − = Decrease FA C. Decrease = + Decrease − = Decrease OA D. = Increase + Decrease − =

What are the charges of protons and neutrons?

What is the common name for pododermatitis in poultry? What is the causative agent? (Genus and species name.)

This is a CSF sample taken from an alpaca. Where in the body would you find CSF, and what infection does this animal most likely have? 

Is E. coli gram negative or gram positive? Why does it matter?