Homework Answers
B is theright option
Assets are the total belongings of the business such as cash, inventory and buildings. These are the uses of funds which are sourced by liabilities and equity. Liabilities are external finance in the form of borrowings and equity is the owners' funds.
Hence Assets = Liabilities + Equity.
Add Answer to:
37. Which statement shown below is a correct statement of the Accounting Identity: a. Assets liabilities...
9) which financial statement reports the amounts of the accounting equation which is assets equal liabilities...
9) which financial statement reports the amounts of the accounting equation which is assets equal liabilities plus equity?
The expression of the accounting equation that is correct is: Select one: a. Assets + Liabilities...
The expression of the accounting equation that is correct is: Select one: a. Assets + Liabilities - Equity b. Liabilities = Assets + Equity O C. Assets = Liabilities + Equity d. Assets = Equity - Liabilities e
Which of these is not the correct form of the accounting equation? Which of the following...
Which of these is not the correct form of the accounting
equation?
Which of the following is not a correct form of the accounting equation? Select one or more: a. Assets + Stockholders' equity = Liabilities. b. Assets = Equities. c. Assets = Liabilities + Stockholders' equity. d. Assets – Liabilities = Stockholders' equity.
Which of the following equations best describes the accounting identity? 0 Long-term assets-short-term assets + Equity....
Which of the following equations best describes the accounting identity? 0 Long-term assets-short-term assets + Equity. O Assets = Liabilities + Equity. O Total claims Liabilities + Equity 0 Short-term assets = Cash + Receivables. 0 Long-term liabilities-Notes + Bonds.
37) Owner's Equity is best depicted by the following: a. Assets = Liabilities. b. Liabilities +...
37) Owner's Equity is best depicted by the following: a. Assets = Liabilities. b. Liabilities + Assets. C. Residual equity + Assets. d. Assets - Liabilities. 38) If Total Liabilities increased by $15,000 and Owner's Equity increased by $5,0 Total Assets must change by what amount and direction during that same p a. $20,000 decrease b. $20,000 increase C. $25,000 increase d. $30,000 increase
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
The accounting equation can be expressed as A. Assets + Liabilities = Equity. B.Assets =Liabilities−Equity. C....
The accounting equation can be expressed as A. Assets + Liabilities = Equity. B.Assets =Liabilities−Equity. C. Equity−Assets= Liabilities. D. Assets−Liabilities= Equity.
1. Use the accounting equation to compute the missing financial statement amounts. Liabilities + Company 1...
1. Use the accounting equation to compute the missing financial statement amounts. Liabilities + Company 1 Assets $ 89,000 - + Equity $ 47.000 $ 84,000 2 $ 32,000 + 34.000 + 3 $ 113.000 - $ 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities + Owner, Capital Revenues Owner, Withdrawals $ 0 Expenses 1 $ $ 23,000 + $ $ 68,000 = 106.600 = 34.000 58,000 2 $ $ 15.000 25,000...
1) The traditional accounting model delays the recognition of value changes of assets and liabilities until...
1) The traditional accounting model delays the recognition of value changes of assets and liabilities until what event occurs? a. A change in value. b. A market transaction. c. A balance sheet date. d. Cash is received or cash is paid. 2)Which of the following is not one of methods used by GAAP for treating value changes? a. Recognize value changes on the balance sheet and income statement when they are realized in a market transaction b. Recognize value changes...
The statement of cash flows reports: A. Assets, liabilities, and equity. B. Revenues, gains, expenses, and...
The statement of cash flows reports: A. Assets, liabilities, and equity. B. Revenues, gains, expenses, and losses. C. Cash inflows and cash outflows for an accounting period. D. Equity, net income, and dividends. E. Changes in equity.
The expression of the accounting equation that is correct is: Select one: a. Assets + Liabilities - Equity b. Liabilities = Assets + Equity O C. Assets = Liabilities + Equity d. Assets = Equity - Liabilities e
Which of these is not the correct form of the accounting
equation?
Which of the following is not a correct form of the accounting equation? Select one or more: a. Assets + Stockholders' equity = Liabilities. b. Assets = Equities. c. Assets = Liabilities + Stockholders' equity. d. Assets – Liabilities = Stockholders' equity.
Which of the following equations best describes the accounting identity? 0 Long-term assets-short-term assets + Equity. O Assets = Liabilities + Equity. O Total claims Liabilities + Equity 0 Short-term assets = Cash + Receivables. 0 Long-term liabilities-Notes + Bonds.
37) Owner's Equity is best depicted by the following: a. Assets = Liabilities. b. Liabilities + Assets. C. Residual equity + Assets. d. Assets - Liabilities. 38) If Total Liabilities increased by $15,000 and Owner's Equity increased by $5,0 Total Assets must change by what amount and direction during that same p a. $20,000 decrease b. $20,000 increase C. $25,000 increase d. $30,000 increase
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
1. Use the accounting equation to compute the missing financial statement amounts. Liabilities + Company 1 Assets $ 89,000 - + Equity $ 47.000 $ 84,000 2 $ 32,000 + 34.000 + 3 $ 113.000 - $ 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities + Owner, Capital Revenues Owner, Withdrawals $ 0 Expenses 1 $ $ 23,000 + $ $ 68,000 = 106.600 = 34.000 58,000 2 $ $ 15.000 25,000...
The statement of cash flows reports: A. Assets, liabilities, and equity. B. Revenues, gains, expenses, and losses. C. Cash inflows and cash outflows for an accounting period. D. Equity, net income, and dividends. E. Changes in equity.
Most questions answered within 3 hours.
-
A 10.000 g sample of water contains 11.19% H by mass. what
should be the %H...
asked 2 minutes ago -
Consider an investment game among 2 players. Each player can
either invest,
i, or not invest,-i....
asked 11 seconds ago -
The time taken to complete a particular task is normally
distributed with a standard deviation of...
asked 10 minutes ago -
we have heteroskedasticity in a regression when:
When the variance of error terms changes when an...
asked 19 minutes ago -
Explain some different types of fungi. State the different
divisions undergo by fungi.
asked 32 minutes ago -
The shortest time that 120 C can flow through a 20 A circuit
breaker without tripping...
asked 33 minutes ago -
A software design pattern is a general, reusable solution to a
commonly occurring problem, acting as...
asked 35 minutes ago -
The mean waiting time at the drive-through of a fast-food
restaurant from the time an order...
asked 52 minutes ago -
The pitch (p) of a helix is defined as p = dn, in which n is...
asked 54 minutes ago -
Do you agree that the declining stock of social capital is the
blame for the failure...
asked 57 minutes ago -
A researcher is interested in whether coffee consumption helps
with performance on reading comprehension tasks. The...
asked 1 hour ago -
it has been estimated since the beginning of the human race that
about 133 metric ton...
asked 1 hour ago