Adcock Company paid $6,600 cash to rent office space for a one-year period beginning on August 1, 2016. On December 31, 2016, Adcock Company adjusted its accounting records to reflect the months that it had used. Use the horizontal model to determine which of the following statements is correct after recording both of these transactions. a. Total assets decreases by $6,600.b. Net income decreases by $6,600.c. Retained earnings decreases by $2,750 after the temporary account balances are closed. d. Cash flow from operating activities decreases by $2,750.

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?