Which of the following accurately describes a capital gain? A. The difference between costs and revenues. B. An upward trend in prices. C. An increase in the value of an investment. D. A rise in the standard of living.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?