Dependable Tires Company uses the indirect method to prepare the statement of cash flows.Refer to the following comparative balance sheet for Dependable Tires Company and complete the third column to show the increases or decreases.
Dependable lires Company Comparative Balance Sheet December 31,2018 and 2017 Cash Accounts Receivable Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Long-term Notes Payable Total Liabilities Common Stock Retained Earnings Treasury Stock Total Stockholders’ Equity Total Liabilities and Stockholders’ Equity 2018$39,60026,400204,000$270,000$4,8002,400100,800108,00036,000135,600(9,600162,000$270,0002017$19,80038,500126,500$184,800$6,6001,10099,000106,7002,20081,400(5,500)78,100$184,800 Increase/ Decrease
Acknowledge the role of culture in shaping development.
Understand the impact of poverty and socioeconomic status on development.
Understand and identify the five fundamental inference forms: Modus Ponens (MP), Modus Tollens (MT), Hypothetical Syllogism (HS), Disjunctive Syllogism (DS), and Conjunction (Conj).
Apply logical rules to deduce conclusions from given premises.
Definitions:
Privity Rule
A principle in contract law that states that contracts are private agreements between the parties who have entered into them, affecting no third parties.
Thing or Benefit
Refers to any item of value or advantage that is provided or promised in a transaction or agreement.
Unconscionable Contracts
Agreements that are so unfairly one-sided that they are deemed immoral or unjust and are therefore unenforceable under the law.
Unconscionability
A doctrine in contract law that describes terms that are so unjustly one-sided that they are considered shockingly unfair or oppressive.