Earning revenue a.increases one asset, decreases another asset b.decreases assets, increases liabilities c.increases assets, decreases stockholders' equity d.increases assets, increases stockholders' equity
Q: 74) Which of the following is not possible when recording a transaction?A) Liabilities increase and…
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Q: increases in economic benefits during the accounting period in the form of inflows or enhancements…
A: Answer) The correct answer in the given question is: Income
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A: As posted multiple independent questions we are answering only first question kindly repost the…
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A: Definition: Normal balance refers to the excess of the amount on one side, over the amount on the…
Q: Revenues come from sales of goods and services to customers and result in A.decreased assets or…
A: Revenue is the amount earned by the company from the sales of goods or services. Generating revenue…
Q: Payment of a divdend will : A. Decrease net income B. Increase net income C. Decrease retained…
A: when companies earn income they share income with shareholders by way of dividend.
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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Revenues may be defined as: Select one: Increases in assets from all sources. The amount of…
A: Revenue: Revenues are defined as an increase in the fund financial sources rather than from…
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Q: Match each financial statement with its description. Financial Statements Related Transactions…
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Q: Net Earnings will result during a time period when: Question 1 options: Assets exceed…
A: Lets understand the meaning. Revenue is earned from selling the goods or providing the services.…
Q: . Revenues area. decreases in liabilities resulting from paying off loans.b. increases in retained…
A: Definition of Revenue: Earnings of a business is called revenue.
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A: Expenses are accrued when these are incurred but are not paid. Due to the accrual concept, all the…
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A: Stock holders equity: Common stock is one of the parts in the stockholders’ equity. The common stock…
Q: A balance sheet is also known as a/an: Question 3 options: Statement of financial position…
A: A balance sheet is also known as a statement of financial position considered as one of the most…
Q: A purchase of an asset on account a. decreases expenses. b. decreases owner's equity. c. increases…
A: Accounting Equation :— It is the relationship between assets, liabilities and owner's equity.…
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Q: The effects of paying salaries for the current period are to:a. increase assets and increase stock-…
A: Salary is an expense for a company and an obligation due towards the employees working in that…
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Q: An increase in economic benefits or increase in assets or decrease in liability resulting in…
A: An increase in assets will increase the operational efficiency of the company. A decrease in…
Q: Debit: decrease both assets and liabilities. a. increase assets and decrease Ob. liabilities.…
A: The accounting records are made on two basis of debit and credit.
Q: Fill in the blanks below with the word “debit” or “credit.”a. The balance of an asset account…
A: Normal balance: Normal balance refers to the excess of amount on one side, over the amount on the…
Q: What effect does “recognizing revenue at the end of the accounting period for rent previously…
A: Recognizing revenue at the end of the accounting period for rent previously received in advance. the…
Q: Owner's equity can be increased through a. withdrawals by the owner O b. investments by the owner O…
A: The question is based on the concept of Accounting Theory.
Q: Net Income: A) Decreases equity. B) Represents the amount of assets stockholders put into a…
A: Net income — also referred to as net profit, net earnings or the bottom line — is the amount an…
Q: A decrease in economic benefits or decrease in assets or increase in liability resulting in decrease…
A: Expenses are decreases in economic benefits during the accounting period in the form of outflows or…
Q: On April 1, Sage Hill Inc. was established. These transactions were completed during the month.…
A: Analysis of transactions A transaction can be defined as any economic activity pertinent to a…
Q: Decreases equity. Represents the amount of assets owners put into a business. Equals assets minus…
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A: The correct option is d.financed by the stockholders and/or creditors
Q: IDENTIFY THE EFFECTS OF THE TRANSACTIONS BELOW ON THE ACCOUNTING EQUATION. USE THE GUIDE ABOVE.…
A: Below is the impact of given transactions
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Q: If current assets exceed current liabilities, payments of accounts payable willa. decrease the…
A: Formula: Current ratio = Current assets / Current liabilities Working capital = Current assets -…
Q: Which of the following statements is not true? O a. Expenses increase stockholders' equity. O b. The…
A: The accounting equation states that assets equal to sum of liabilities and equity.
Q: If an expense is incurred but not paid, then a) Liabilities will increase b) Stockholder's equity…
A: As per the guidelines, only one question is allowed to be solved. Please resubmit the question…
Q: Owner's equity can be increased through _____. a. withdrawals by the owner b. purchase of assets by…
A: Solution: Withdrawl by owner decrease the owner's equity Purchase of assets by cash do not affect…
Q: ment 1: The statement of financial position includes assets, liabilities and stockholders' equity as…
A: Assets are resources that are controlled which results from prior transactions that are expected to…
Q: Performing a service on account willa. increase stockholders’ equity.b. increase total assets.c.…
A: The correct option is option d. Performing a service on account will increase both stockholders’…
Q: Find the correct statement:(i) Credit a decrease in assets(ii) Credit the increase in expenses(iii)…
A: Rules of Debit and Credit: Following rules are followed for debiting and crediting different…
Q: According to the rules of debit and credit for balance sheetaccounts:a. Increases in asset,…
A: Balance Sheet accounts for assets & liabilities as well as equity. This is a process that is…
Q: The statement of owner's equity: Group of answer choices Reports how equity changes at a point in…
A: In the statement of owner's equity, we can find all the changes in the owner's equity.
Q: Included on the balance sheet are a.assets, income, and expenses. b.assets, liabilities,…
A: All the incomes and expenses are written off in the income statement and do not appear in the…
Q: Owner's equity can be increased through, O a. withdrawals by the owner O b. expenses exceeding…
A: Withdrawals decreases the owner's equity. Expenses exceeding revenues results in loss further…
Q: Retained earnings: a. Has a normal debit balance. b. Decreases stockholders’ equity. c. Is equal to…
A: The question is multiple choice question. Required Choose the Correct Option.
Earning revenue
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- Capitalizing a cost involves increasing what type of account?a. Liabilityb. Expensec. Stockholders’ equityd. AssetA decrease in economic benefits or decrease in assets or increase in liability resulting in decrease in equity is termed as. a. Capital b. Income c. Expense d. LiabilityPayment of a divdend will : A. Decrease net income B. Increase net income C. Decrease retained earnings D. Increase retained earnings.
- Return on Capiatal employed = O a. Return on Total Assets O b. Return on Equity Oc. Return on Investment O d. Return on Equity CapitalOwner'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 salesEquity equals to: O A. Total liabilities plus current assets O B. Current assets plus non-current assets less total liabilities. O C. Capital plus drawings. O D. Total assets less total liabilities.
- Which of the following is an appropriate computation for return on investment? a. Sales divided by total assets b. Net income divided by total assets c. Net income divided by sales d. Sales divided by stockholders' equity would b be the right answer?When an intangible asset is amortized: OA. stockholders' equity decreases. OB. net assets decrease. C. net income decreases. D. all of the above are correct.Retained earnings, as a form of equityfinancing, area. gross earnings.b. profits before taxes.c. profits after taxes.d. undistributed profits.e. total owners’ equity
- | 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. These are decreases in economic benefits during the accounting period in the form of outflows or depletions of assets or incurrences of liabilities that result in decreases in equity, other than those relating to distributions to equity participants. a. Liabilities b. Expense c. Loss d. CostThe ratio that measures how much an investor is willing to pay for a dollar of earnings is known as a _____________ ratio. A. asset management B. market value C. profitability