decreases a liability $800; increases shareholders' equity $800.

increases an asset $800; decreases a liability $800.

has no effect on total assets.

decreases an asset $800; decreases a liability $800.

reduces a company's liabilities.

increases a company's liabilities.

is not required in the future if prepaid costs are initially recorded as an asset.

is required to recognize costs that expire with time.

deposits in transit

electronic payment by a customer on account

bank service charges

outstanding cheques

depreciation expense

increase in accounts receivable

increase in accounts payable

decrease in prepaid expenses

revenues on the statement of income.

expenses on the statement of income.

liabilities on the statement of financial position.

assets on the statement of financial position.

creditors

customers

management

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the value of information provided is less than the cost of providing it.

the value of information provided is greater than the cost of providing it.

that information costs less than budget.

that information costs more than budget.

makes it more difficult to compare different companies.

is also called trend analysis.

is a technique for evaluating a series of financial statement data over a period of time to determine the increase (decrease) that has taken place.

expresses each item in a financial statement as a percent of a base amount.

Intercompany comparisons cover two or more periods for the same company, while intracompany comparisons are based on comparisons to average ratios for the industry that a company operates in.

Intercompany comparisons are based on comparisons with a competitor in the same industry, while intracompany comparisons cover two or more periods for the same company.

Intracompany comparisons are based on comparisons with a competitor in the same industry, while intercompany comparisons cover two or more periods for the same company.

Intracompany comparisons are based on comparisons to average ratios for the industry that a company operates in, while intercompany comparisons are based on comparisons with a competitor in the same industry.

expenses.

equities.

liabilities.

assets.