The Stockholders' Equity portion of the accounting equation is divided into multiple types of accounts. How does this affect the debit/credit rules for Stockholders' Equity accounts? A : The debit/credit rules are more complex than for assets and liabilities because each transaction requires debits and credits to more than the standard two accounts. B : The debit/credit rules are more complex than for assets and liabilities because some Stockholders' Equity accounts use debits to increase the balance and some use credits to increase the balance. C : The debit/credit rules are less complex than for assets and liabilities because each type of account uses only debits or only credits. D : The debit/credit rules are less complex than for assets and liabilities because they are only used at the end of the accounting period rather than throughout the accounting period.

Why should you not sign the tenant landlord agreement quickly and immediately

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.