one of the following will decrease net working capital? Select one: a. A decrease in accounts payable. b. A sale of inventory at a profit. c. A sale of a fixed asset for cash. d. An increase in accounts receivable. e. An increase in accounts pay

Q: What increases the Assets & Equity? A. Fresh Capital B. Debts paid off C. Revenues D. None of the…

A: When Fresh Capital is introduced by the owner in the business, Cash Account increases on the Assets…

Q: Identify whether a Debit or a Credit. 1. Which contra-asset account is an accumulated depreciation?…

A: The different accounts may have different balances classified as debit or credit.

Q: Accounting can help finance by: Timely delivery of appropriate accounting information Keeping the…

A: Accounting is the process of recording the transaction in books, basis which financial data is…

Q: Why is depreciation provided on non-current assets? a. so that the business entity concept is…

A: Depreciation means the loss in value of assets because of usage of assets , passage of time or…

Q: Which of the following statements is incorrect ? Select one: a. When an asset (other than cash)…

A: The accounting equation represents the effect of each accounting transaction on asset, liabilities…

Q: When the payment is made to creditors, it would result in which among the following? a. decrease…

A: Creditors are the persons to whom the entity has to pay some due money.

Q: What is true? a.EBIT and Operating Income are often used interchangeably b.If a firm records…

A: The classified income statement has various parameters such as Gross income, EBITDA, EBIT, and Net…

Q: is A written promise to pay the supplies an asset capital so on? is Fax Machine an asset capital so…

A: The answer is stated below:             Note: Answering the first three subparts as there are…

Q: What causes the decrease in Assets? A. Cash Purchases B. Liabilities C. Payment of Expenses D.…

A: Assets are a group of various resources that generate the revenue of the company. In this group,…

Q: Interest Expense on Notes Payable is recorded with an increase to Interest Expense, which decreases…

A: The interest expense on notes payable would be recorded with an increase to interest expense, which…

Q: Profit is A) assets minus liabilities B) the excess of revenues over expenses C) the excess of…

A: Accounting equation is the equation that shows relationship between assets, liabilities and owner's…

Q: What will increase the following account items – Debit or Credit?  Fill in the blanks. Assets…

A: General Rule :—  Debit the Receiver, Credit the Giver.  Debit What comes in , Credit What goes out.…

Q: Revenues are: O A. decreases in assets resulting from delivering goods or services to customers. B.…

A: Revenue is the amount of money that a business receives on conducting business i.e. sale of goods or…

Q: Which of the following will be debited according to the double entry rule?

A: Answer

Q: During the current year, Giatras Electronics recorded credit sales of $710,000. Based on prior…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The factor payment for the use of financial capital (loans and equity investments) is called...…

A: The cost of finance: Equity and debt are two sources of capital for any business.  Investors who…

Q: The higher the accounts receivable, the higher the capital requirement needed by the company to…

A: Accounts receivable is the current assets of a firm which reflects the amount owed to customers for…

Q: Wildhorse Company prepared the tabulation below at December 31, 2022. Net Income Adjustments to…

A: Cash flow from operating activities is computed by direct method or indirect method. Under indirect…

Q: tell whether the assets, liabilities and equity will increase (I), decrease (D) or is not affected…

A: The accounting equation is considered to be the foundation of the double entry accounting system. On…

Q: The cash payment of an account payable will have the following impact on the accounting equation.…

A: The payment of the account payable will impact the cash and Account payable balance. Here, cash is…

Q: Which of coming up next isn't a money outpouring?    a) Increase in Prepaid costs    b) Increase…

A: Money outpouring means a situation when money is outpoured or outflown from the business.

Q: Which of the following activity will NOT show up on cash flow from operating activities? O Purchase…

A: Cash flow statement records the inflow and outflow of cash. Cash flow statement includes cash flow…

Q: Which business transaction will affect the quick ratio?     a. Purchase a fixed asset with money…

A: The quick assets ratio is calculated as quick assets divided by current liabilities.

Q: Jasper Corp. collects payment on an accounts receivable balance. This transaction Select one: O a.…

A: Increase in assets should be debited and decrease in assets should be credited.

Q: 7. How is the valuation of current assets affected if th OValuation is based on historical cost.…

A: Current assets are the assets that provide the financial benefit over a year. If the assets is held…

Q: The owner's equity is computed as follows: Cash inflows less cash outflows Revenues less expenses…

A: Revenue: Revenue or Sales revenue is the amount earned by the company by selling the goods or…

Q: When an intangible asset is amortized: OA. stockholders' equity decreases. OB. net assets decrease.…

A: Intangible assets are valuable assets without a physical form, such as copyrights or brand…

Q: Which of the following transactions violates the balance sheet equation? (check all that apply)…

A: Introduction: Accounting equation: Assets = liabilities + shareholders equity. Sum of both…

Q: Changes to net working capital are categorized as:     a. cash flow from operating activities.…

A: Cash flows of company are categorized into 3 parts : Operating, Investing and financing activity

Q: A credit may represent a(n): increase in an asset account. increase in a liability account. decrease…

A: Debit Amounts:Accounts having typical debit balances include, for example:Cash, receivables,…

Q: The payment of past debt by the entity will cause a decrease in asset due to the outflow of cash,…

A: Lets understand the basics. Debt is a liability which will needs to pay within certain future so it…

Q: define if operating, investing or financing     Decrease in accounts receivable Increase in…

A: Cash Flow from Operating Activities means cash is generated from the principal revenue generating…

Q: Revenues are normally considered to have been earned whena. All possibility of return has expired.b.…

A: Revenue Recognition: Revenue recognition refers to recording revenue in the books of accounts.…

Q: True or false Credits Increases in liabilities and revenue. Decrease in assets and expenses?

A: Assets - Assets are the resources owned by the company from the capital invested. Liabilities -…

Q: Expenses are the cost of providing goods and services and result in: A.increased assets or…

A: Expenses are the cost that involves the outflow of resources (assets), which means assets will be…

Q: Net income is​ ________.

A: The correct answer is: (B) Not cash flow  Net income is the total amount of money a business has…

Balance of Payments

BOP is categorized into the following three components: