The equity amount of a balance sheet is the creditor's claims on the firm.A.RightB.WrongC.
The equity amount of a balance sheet is the creditor's claims on the firm.
A.Right
B.Wrong
C.Doesn't say
The equity amount of a balance sheet is the creditor's claims on the firm.
A.Right
B.Wrong
C.Doesn't say
A、Business event that alters the amount of assets, liabilities or owner’s equity or that affects the accounting equation is called a transaction.
B、Any business event that alters the amount of assets, liabilities or owner’s equity or that affects the accounting equation is called a transaction.
C、Any business event that alters the amount of assets, liabilities or owner’s equity or that affects the accounting is called a transaction.
D、None of the above.
A.AnexpenseamountenteredintheBalanceSheetandStatementofOwner’sEquityDebitcolumn.
B.ArevenueamountenteredintheBalanceSheetandStatementofOwner’sEquityCreditcolumn.
C.AnassetamountenteredintheIncomeStatementandStatementofOwner’sEquityDebitcolumn.
D.AliabilityamountenteredintheIncomeStatementandStatementofOwner’sEquityCreditcolumn.
E.AnexpenseamountenteredintheBalanceSheetandStatementofOwner’sEquityCreditcolumn.
A、the way a firm invests its assets.
B、the amount of capital in the firm.
C、the amount of dividends a firm pays.
D、the mix of debt and equity used to finance the firm's assets.
A、decreases equity
B、represents the amount of assets owners put into a business
C、equals assets minus liabilities
D、is the excess of revenues over expenses
E、represents owners' claims against assets
A.AnexpenseamountenteredintheBalanceSheetandStatementofOwner’sEquityDebitcolumn.
B.ArevenueamountenteredintheBalanceSheetandStatementofOwner’sEquityCreditcolumn.
C.AnassetamountenteredintheIncomeStatementandStatementofOwner’sEquityDebitcolumn.
D.AliabilityamountenteredintheIncomeStatementandStatementofOwner’sEquityCreditcolumn.
E.AnexpenseamountenteredintheBalanceSheetandStatementofOwner’sEquityCreditcolumn.
A、$700,000.
B、$400,000.
C、$1,000,000.
D、$420,000.
A.In any given transaction, the total dollar amount of the debits and the total dollar amount of the credits must be equal.
B.Debits decrease certain accounts and credits decrease certain accounts.
C.Liabilities and owner’s equity accounts usually end in credit balances; assets usually end in debit balances.
D.All of the abov
E.
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