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37) Owner's Equity is best depicted by the following: a. Assets = Liabilities. b. Liabilities +...
Practice Question 38 If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during...
Practice Question 38 If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period? $15,000 decrease $10,000 increase $20,000 increase $10,000 decrease Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE POR LATER SUBMIT ANSWER
9:46 Class Test Reviewer.docx Chapter 1, 2& 3 1) Assets are equal to A) liabilities +...
9:46 Class Test Reviewer.docx Chapter 1, 2& 3 1) Assets are equal to A) liabilities + owner's equity. B) liabilities - owner's equity. C) liabilities - revenues. D) revenues - expenses. 2) Sonya invested cash in her new business. What effect will this have? A) Increase an asset and increase a liability. B) Decrease an asset and increase a liability. C) Increase an asset and increase owner's equity. D) Increase an asset and decrease owner's equity. 3) Kal's Vegan Restaurant,...
23. The Statement of Cash Flows: a. Reports the amount of an organization's assets, liabilities, and...
23. The Statement of Cash Flows: a. Reports the amount of an organization's assets, liabilities, and owner's equity at the endof a period. mani Consists of tree seons) oplng aing adhvilies and C) financing activities c. Roports the revenues and expenses for a period of time based on the matching concept d. Report the changes in Owner's equity for a period of time. 22919 24. Which of the following best describes accounting? a. Can be thought of as the Tanguage...
8. Salary expense a) Owner's equity b) Liabilities c) Assets 9. Rent payable a) Owner's equity...
8. Salary expense a) Owner's equity b) Liabilities c) Assets 9. Rent payable a) Owner's equity b) Liabilities c) Assets 10. Rent expense a)Owner's equity b) Liabilities Assets 11. Consulting revenue Owner's equity a) b) Liabilities c) Assets 12. Service revenue a) Owner's equity b) Liabilities c) Assets 13. Owner's withdrawals a) Owner's equity b) Liabilities c) Assets 14. Owner's capital a) Owner's equity b) Liabilities c) Assets 3. Signify the item that most accurately describes an asset. a) An...
please need help with this thank you Question 9 10 pts If total liabilities decreased by...
please need help with this thank you
Question 9 10 pts If total liabilities decreased by $50,000 and stockholders' equity increased by $20,000 during a period of time, then total assets must change by what amount and direction during that same period? $30,000 increase O $60.000 decrease $30,000 decrease $70,000 decrease
If the liabilities of a business decreased 25,000 during a period of time and the assets...
If the liabilities of a business decreased 25,000 during a period of time and the assets of the business decreased 15,000 during the same period, the owner's equity in the business must have: a. Decreased 40,000 b. Decreased 10,000 C. Increased 40,000 d. Increased 10,000
please show work step by step and explain how you got the answer 5. If total...
please show work step by step and explain how you got the
answer
5. If total liabilities increased by $25,000 and stockholders' equity decreased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period? a. $5,000 decrease b. $5,000 increase c. $20,000 decrease d. $20,000 increase o BI HII
If total liabilities increased by $93000 and stockholders' equity increased by $49000 during a period of...
If total liabilities increased by $93000 and stockholders' equity increased by $49000 during a period of time, then total assets must change by what amount and direction during that same period? $240000 increase O $142000 increase O $191000 increase $142000 decrease
Help Center Question 1 of total abilities decreased by $25,000 and owner's equity decreased by $5,000...
Help Center Question 1 of total abilities decreased by $25,000 and owner's equity decreased by $5,000 during a period of time, then total assets must change by what ar direction during that same period? Question 2 if total increased by $5.000 and totalasses increased by $29.000, what was the change in owner's couilly? Question 3 Davis Corporation body of 5000 te beginning of June 2017. During the the company reported totales of $100.000 and expenses of 800 with $4800 What...
Beginning of the year: Total Assets. $129,000 Total liabilities (a) Total Owner's Equity $85,000 End of...
Beginning of the year: Total Assets. $129,000 Total liabilities (a) Total Owner's Equity $85,000 End of year: Total Assets 180,000 Total Liabilities 50,000 Total Owner's equity 130,000 Changes during year in owner's equity: Additional Investments 25,000 Drawings (b) Total Revenues. 100,000 Total Expenses 65,000 Please solve for a&b and show the calculations.
Practice Question 38 If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period? $15,000 decrease $10,000 increase $20,000 increase $10,000 decrease Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE POR LATER SUBMIT ANSWER
9:46 Class Test Reviewer.docx Chapter 1, 2& 3 1) Assets are equal to A) liabilities + owner's equity. B) liabilities - owner's equity. C) liabilities - revenues. D) revenues - expenses. 2) Sonya invested cash in her new business. What effect will this have? A) Increase an asset and increase a liability. B) Decrease an asset and increase a liability. C) Increase an asset and increase owner's equity. D) Increase an asset and decrease owner's equity. 3) Kal's Vegan Restaurant,...
23. The Statement of Cash Flows: a. Reports the amount of an organization's assets, liabilities, and owner's equity at the endof a period. mani Consists of tree seons) oplng aing adhvilies and C) financing activities c. Roports the revenues and expenses for a period of time based on the matching concept d. Report the changes in Owner's equity for a period of time. 22919 24. Which of the following best describes accounting? a. Can be thought of as the Tanguage...
8. Salary expense a) Owner's equity b) Liabilities c) Assets 9. Rent payable a) Owner's equity b) Liabilities c) Assets 10. Rent expense a)Owner's equity b) Liabilities Assets 11. Consulting revenue Owner's equity a) b) Liabilities c) Assets 12. Service revenue a) Owner's equity b) Liabilities c) Assets 13. Owner's withdrawals a) Owner's equity b) Liabilities c) Assets 14. Owner's capital a) Owner's equity b) Liabilities c) Assets 3. Signify the item that most accurately describes an asset. a) An...
please need help with this thank you
Question 9 10 pts If total liabilities decreased by $50,000 and stockholders' equity increased by $20,000 during a period of time, then total assets must change by what amount and direction during that same period? $30,000 increase O $60.000 decrease $30,000 decrease $70,000 decrease
If the liabilities of a business decreased 25,000 during a period of time and the assets of the business decreased 15,000 during the same period, the owner's equity in the business must have: a. Decreased 40,000 b. Decreased 10,000 C. Increased 40,000 d. Increased 10,000
please show work step by step and explain how you got the
answer
5. If total liabilities increased by $25,000 and stockholders' equity decreased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period? a. $5,000 decrease b. $5,000 increase c. $20,000 decrease d. $20,000 increase o BI HII
If total liabilities increased by $93000 and stockholders' equity increased by $49000 during a period of time, then total assets must change by what amount and direction during that same period? $240000 increase O $142000 increase O $191000 increase $142000 decrease
Help Center Question 1 of total abilities decreased by $25,000 and owner's equity decreased by $5,000 during a period of time, then total assets must change by what ar direction during that same period? Question 2 if total increased by $5.000 and totalasses increased by $29.000, what was the change in owner's couilly? Question 3 Davis Corporation body of 5000 te beginning of June 2017. During the the company reported totales of $100.000 and expenses of 800 with $4800 What...
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