Homework Answers
Assets $34,000 decrease , liabilities $34,000 decrease. This follows the rules of accouting equation.
Add Answer to:
Saddleback Company paid off $34,000 of its accounts payable in cash. What would be the effects...
^ last answer is 16,800(its cut off) A company began the year with assets of $107.000,...
^ last answer is 16,800(its cut off)
A company began the year with assets of $107.000, liabilities of $23,500, and stockholders' equity of $83,500. During the year assets increased $55,700 and stockholders' equity increased $21,400. What was the change in liabilities for the year? Multiple Choice o increase of $77300 Decrease of $77100 O Increase of $34.300 O Decrease of $34,300 < Prev 5 of 32 Next > Which of the following would appear in the cash flows from operating...
answer all please also last option is covered so answer could be not in pic for...
answer all please also last option is covered so answer could be
not in pic for them
.getproctorio.com/secureditlockdown Is 1 Exam 10 Saved Help Save & Exit Subm If the liabilities of a company increased $106,000 during a period of time and equity in the company decreased $35,000 during the same period, what was the effect on the assets? Multiple Choice Assets would have decreased $71,000. Assets would have increased $71,000, Assets would have increased $141,000. O None of the...
10) Contessa Company collected $42,000 cash on its accounts receivable. The effects of this 10 transaction...
10) Contessa Company collected $42,000 cash on its accounts receivable. The effects of this 10 transaction as reflected in the accounting equation are: A) Total assets, total liabilities, and total equity are unchanged B) Total assets increase and equity decreases C) Both total assets and total liabilities decrease D) Both total assets and equity are unchanged and liabilities increase. E) Total assets decrease and equity increases. 11) If the liabilities of a business increased $75,000 during a period of time...
On November 15, 20x2, Trink Ltd. paid $6819 to settle an account payable resulting from the...
On November 15, 20x2, Trink Ltd. paid $6819 to settle an account payable resulting from the purchase of goods on account in October 20x2. What is the effect of this business transaction on the accounting equation of Trink? Select one: a. Assets decrease $6819, liabilities decrease $6819, and equity does not change o b. Assets increase $6819, liabilities increase $6819, and equity does not change C. Assets decrease $6819, liabilities decrease $6819, and equity decreases $6819 O d. Assets decrease...
The following entry was recorded in the books of Brighty Company. 3,000 Apr. 8 Accounts Payable-Marigold,...
The following entry was recorded in the books of Brighty Company. 3,000 Apr. 8 Accounts Payable-Marigold, Inc. Inventory Debit Memo No. 25. 3,000 What is the impact of this entry on the accounting equation? Oa. an increase in Assets and an increase in Equity Ob. a decrease in Assets and a decrease in Liabilities Oc. a decrease in Assets and a decrease in Equity d. an increase in Assets and an increase in Liabilities
TB MC Qu. 01-113 If a company uses... 2. If a company uses $1.410 of its...
TB MC Qu. 01-113 If a company uses... 2. If a company uses $1.410 of its cash to purchase supplies, the effect on the accounting equation would be: 1 point Multiple Choice Assets increase $1410 and liabilities decrease $1410 References One asset increases $1410 and another set decreases $1.410, causing no effect Assets decrease $1.410 and equity decreases $1410 Assets decrease $1.410 and equity increases $1.410 Assets increase $1410 and liabilities increase $1410
Oakland Industries adjusts and closes its books every month. On September 10th, Oakland paid employees 57,000...
Oakland Industries adjusts and closes its books every month. On September 10th, Oakland paid employees 57,000 for salaries which had been carned in August. Oakland was properly following GAAP, what are the effects of the September 10th transaction on the accounting equation? Moe Choice Expenses increase and liabilities increase Amets decrease and expenses decrease. O Amets decrease and liabilities decrease. O Expenses increme und assets decreme. Expenses decrease and liabilities decrease
1. Which of the following is something of value owned by the company? (a)Cash (b) Common...
1. Which of the following is something of value owned by the company? (a)Cash (b) Common Stock (c) Supplies Expense (d) Notes Payable 2. Windward Inc. makes a payment of $500 on its accounts payable. How does this effect the accounting equation? a. Assets decrease and Liabilities decrease b. Assets increase and Equity Decreases c. Assets decrease and Equity decreases d. Assets increase and Liabilities increase e. Assets decrease and Liabilities increase 3. Chitron Corporation earns $750 working for a...
MC Qu. 119 If a company receives... If a company receives $12,800 from its sole stockholder...
MC Qu. 119 If a company receives... If a company receives $12,800 from its sole stockholder to establish a corporation, the effect on the accounting equation would be: Multiple Choice Assets decrease $12,800 and equity decreases $12,800. Assets increase $12,800 and liabilities decrease $12,800 Assets increase $12,800 and liabilities increase $12,800. Liabilities increase $12,800 and equity decreases $12,800.
Following the example shown in (a) below, indicate the effects of the listed transactions on assets,...
Following the example shown in (a) below, indicate the effects of
the listed transactions on assets, liabilities, and stockholders'
equity of John Dallmus, certified public accountant, a corporation:
Transaction Accounting effects a. Purchased, for cash, a desktop computer for use in the office ✓ b. Rendered accounting services and billed the client. Decrease assets, decrease liabilities Decrease assets, decrease stockholders' equity C. Paid utilities for the month. Increase assets, increase liabilities d. Rendered tax services to a client for cash....
^ last answer is 16,800(its cut off)
A company began the year with assets of $107.000, liabilities of $23,500, and stockholders' equity of $83,500. During the year assets increased $55,700 and stockholders' equity increased $21,400. What was the change in liabilities for the year? Multiple Choice o increase of $77300 Decrease of $77100 O Increase of $34.300 O Decrease of $34,300 < Prev 5 of 32 Next > Which of the following would appear in the cash flows from operating...
answer all please also last option is covered so answer could be
not in pic for them
.getproctorio.com/secureditlockdown Is 1 Exam 10 Saved Help Save & Exit Subm If the liabilities of a company increased $106,000 during a period of time and equity in the company decreased $35,000 during the same period, what was the effect on the assets? Multiple Choice Assets would have decreased $71,000. Assets would have increased $71,000, Assets would have increased $141,000. O None of the...
10) Contessa Company collected $42,000 cash on its accounts receivable. The effects of this 10 transaction as reflected in the accounting equation are: A) Total assets, total liabilities, and total equity are unchanged B) Total assets increase and equity decreases C) Both total assets and total liabilities decrease D) Both total assets and equity are unchanged and liabilities increase. E) Total assets decrease and equity increases. 11) If the liabilities of a business increased $75,000 during a period of time...
On November 15, 20x2, Trink Ltd. paid $6819 to settle an account payable resulting from the purchase of goods on account in October 20x2. What is the effect of this business transaction on the accounting equation of Trink? Select one: a. Assets decrease $6819, liabilities decrease $6819, and equity does not change o b. Assets increase $6819, liabilities increase $6819, and equity does not change C. Assets decrease $6819, liabilities decrease $6819, and equity decreases $6819 O d. Assets decrease...
The following entry was recorded in the books of Brighty Company. 3,000 Apr. 8 Accounts Payable-Marigold, Inc. Inventory Debit Memo No. 25. 3,000 What is the impact of this entry on the accounting equation? Oa. an increase in Assets and an increase in Equity Ob. a decrease in Assets and a decrease in Liabilities Oc. a decrease in Assets and a decrease in Equity d. an increase in Assets and an increase in Liabilities
TB MC Qu. 01-113 If a company uses... 2. If a company uses $1.410 of its cash to purchase supplies, the effect on the accounting equation would be: 1 point Multiple Choice Assets increase $1410 and liabilities decrease $1410 References One asset increases $1410 and another set decreases $1.410, causing no effect Assets decrease $1.410 and equity decreases $1410 Assets decrease $1.410 and equity increases $1.410 Assets increase $1410 and liabilities increase $1410
Oakland Industries adjusts and closes its books every month. On September 10th, Oakland paid employees 57,000 for salaries which had been carned in August. Oakland was properly following GAAP, what are the effects of the September 10th transaction on the accounting equation? Moe Choice Expenses increase and liabilities increase Amets decrease and expenses decrease. O Amets decrease and liabilities decrease. O Expenses increme und assets decreme. Expenses decrease and liabilities decrease
MC Qu. 119 If a company receives... If a company receives $12,800 from its sole stockholder to establish a corporation, the effect on the accounting equation would be: Multiple Choice Assets decrease $12,800 and equity decreases $12,800. Assets increase $12,800 and liabilities decrease $12,800 Assets increase $12,800 and liabilities increase $12,800. Liabilities increase $12,800 and equity decreases $12,800.
Following the example shown in (a) below, indicate the effects of
the listed transactions on assets, liabilities, and stockholders'
equity of John Dallmus, certified public accountant, a corporation:
Transaction Accounting effects a. Purchased, for cash, a desktop computer for use in the office ✓ b. Rendered accounting services and billed the client. Decrease assets, decrease liabilities Decrease assets, decrease stockholders' equity C. Paid utilities for the month. Increase assets, increase liabilities d. Rendered tax services to a client for cash....
Most questions answered within 3 hours.
-
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 2 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 3 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 3 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 3 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 3 hours ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 3 hours ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 4 hours ago -
Complete the chapter case, "Turnover Analysis".
Chapter Case
Turnover Analysis
You recently completed your company’s new...
asked 4 hours ago -
What is the pH of solutions having the following H3O+
concentrations? Identify each as acidic, basic,...
asked 4 hours ago -
How does over-voltage of the diode usually occur?
asked 4 hours ago -
If you step on a dirty nail, your doctor will recommend you
update your Tetanus vaccination....
asked 4 hours ago -
Suppose that decreases in the price of milk lead to decrease s
in the retail prices...
asked 4 hours ago