Answered: Decreases equity. Represents the amount…

Name: Net Income:Multiple ChoiceDecreases equity.Represents the amount of a
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Description: Net Income:Multiple ChoiceDecreases equity.Represents the amount of assets owners put into a business.Equals assets minus liabilities.Is the excess of revenues over expenses.Represents owners' claims against assets.

Business

Accounting

Decreases equity. Represents the amount of assets owners put into a business. Equals assets minus liabilities. Is the excess of revenues over expenses. Represents owners' claims against assets.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter14: Intercorporate Investments In Common Stock

Section: Chapter Questions

Problem 3Q

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Similar questions

Owner's equity Select one: a. The resulting amount when total liabilities are subtracted from total assets b. When total liabilities are added to total assets c. None of Them d. The resulting amount when total revenue are subtracted from total cost of sales
Profit is the difference between?a. Assets and liabilitiesb. Assets and equitiesc. The assets purchased with the cash contributed by the owner and the cash spent to operate the businessd. The assets received for goods and services and the amounts used to provide the goods and services
3. What are the resources or things value owned by an enterprise? B. Equity C. Expenses A. Assets D. Liabilities 4. What do you call the transferring of cost of asset to expense? A. Allowance for Bad debts B. Accounts Payable C. Accumulated Depreciation D. Accrued Interest Payable
| Owner's equity Select one: O a. The resulting amount when total revenue are subtracted from total cost of sales O b. When total liabilities are added to total assets c. None of Them d. The resulting amount when total liabilities are subtracted from total assets
The owners' claims to the assets of the business are called ________. A.equity B.expenses C.debt D.return on assets
We can say that the business is in profit, when: Select one: a. Income exceeds Liabilities b. Assets exceed Expenses c. Income exceeds Liabilities d. Income exceeds Expenses
The resulting amount when total liabilities are subtracted from total assets is known as Select one: O a. Total expenses O b. Net income or net loss Oc. Total revenue O d. Owner's equity
Which financial ratio under the categories of profitability, asset utilization, liquidity, and debt utilization,is most valuable to the business owner? And why is it most valuable,with and example.
Which of the following best represents operating income? Seleccione una: a. Income after financing activities b. Earnings before interest and taxes c. Income from discontinued operations d. Income from capital gains
Which is a measure of the profitability of the core operation? 1.Gross profit ratio 2.interest cover 3.return on capital employed 4.net profit ratio
Fill in the blank with these terms : long term, expense, balance sheet, Stockholder's equity, revenue, current revenue, service, costs, goods Revenues are monies an organization received in exchange for______ and______ it provides. Expenses are the ______incurred to generate .______ Net income is the difference between _______ and . ______ A________ indicates the financial position of an organization at a particular point in time. ______ assets generally are cash or will become cash within 1 year. ______ liabilities are obligations that must be paid after 1 year. ________ consists of contributed capital and retained earnings.
Net loss: A. Decreases equity. O B. Equals assets minus liabilities. O C. Represents the amount of assets owners put into a business. O D. Is reported when revenues are larger than expenses.