Answered: When the payment is made to creditors,…

Name: When the payment is made to creditors, it would result in which among
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: When the payment is made to creditors, it would result in which among the following?a.decrease receivablesb.increase expensesc.increase equityd.decrease liabilities

Business

Accounting

When the payment is made to creditors, it would result in which among the following? a. decrease receivables b. increase expenses c. increase equity d. decrease liabilities

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 13MC: Which of the following would be included in the financing section? A. loss on sale of investments B....

See similar textbooks

Similar questions

Which should be subtracted from the net income when using the indirectmethod? A. Loss on sale of investmentB. Amortization of patentC. Increase in accounts receivableD. Increase in accounts payable
Distressed Corporation is undergoing liquidation. Relevant information as of January 1, 20x1 is shown below: ASSETS Carrying Net Realizable Cash Accounts Receivable Equipment-net Land Amount P250,000 150,000 600,000 1,700,000 P2,700,000 Value P300,000 355,649 200,000 1,500,000 P2,355,649 TOTAL ASSETS LIABILITIES Carrying Amount P1,000,000 500,000 800,000 800,000 P3,100,000 Settlement Amount P1,000,000 Accounts Payable Salaries Payable Notes Payable Loan Payable TOTAL LIABILITIES 500,000 805,234 800,000 P3,105,234 EQUITY Share Capital Retained Earnings Capital Deficiency P1,600,000 (2,000,000) (400,000) TOTAL LIABILITIES & EQUITY P2,700,000 Additional Information: Administrative expenses amounting to P180,744 are expected to be incurred during the liquidation process. The equipment is pledged to the loan payable. The land is pledged to the notes payable.
Which of the following decreases owner’s equity?A. investments by ownersB. lossesC. gainsD. short-term loans
Which one of the following is an advantage of the factoring of debtor accounts? Select one: a. The income of debtor administration is transferred to the factor. b. The turnover of non-current assets is increased. c. Liquidity ratios improve. d. More credit is available for other purposes.
Payment of a divdend will : A. Decrease net income B. Increase net income C. Decrease retained earnings D. Increase retained earnings.
Which of the following would be included in the financing section? A. loss on sale of investments B. depreciation expense C. increase in notes receivable D. decrease in notes payable
What is the impact on the accounting equation when an accounts receivable is collected? A. both sides increase B. both sides decrease C. only the Asset side changes D. the total of neither side changes
What is the equation to calculate the accounting rate of return?
True or false Credits Increases in liabilities and revenue. Decrease in assets and expenses?
Requirements: A. Determine the total payment to unsecured creditors. B. Determine the total net free assets. Present the solutions.
1. What is the amount of net free assets? 2. What is the estimated loss n asset realization? 3. What is the estimated recovery for the partially secured creditors? 4. What is the estimated recovery percentage for the notes payable?
which of the following transactions and events would result in animprovement in Interest Coverage Ratio?A. receiving cash for unearned sales revenueB. a payment of income tax owing from the previous periodC. an adjustment for accrued interest revenueD. A and B onlyE. A and C onlyF. B and C onlyG. All of the aboveH. None of the above