Assets are a.always lower than liabilities b.equal to liabilities less stockholders' equity c.the same as expenses because they are acquired with cash d.financed by the stockholders and/or creditors
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- The owner's equity is computed as follows: Cash inflows less cash outflows Revenues less expenses Assets less labilities Beginning capital plus net profitCash flow to creditors is best described as: O Cash flow to creditors is also referred to as free cash flow. The sum of cash flow to bondholders and shareholders The net difference between total assets and total liabilities. O Dividends paid out by a firm less net new equity raised. A firm's interest payments to creditors less net new borrowings.ductory financial accounting_ Liquidity is simply: O a. another term for non-current assets O b. a company's ability to pay obligations when due O c. another term for current liabilities O d. another term for cash ype here to search
- How would the issuance of common stock for cash affect the accounting equation?a. Increase assets and increase stockholders’ equityb. Increase liabilities and decrease stockholders’ equityc. Increase assets and increase liabilitiesd. Decrease assets and decrease liabilitiesRetained earnings, as a form of equityfinancing, area. gross earnings.b. profits before taxes.c. profits after taxes.d. undistributed profits.e. total owners’ equityContribution received from shareholders will be recorded as. a. Dr Receivables Cr Cash account b. Dr Capital Cr Cash account c. Dr Cash account Cr Capital d. Dr Cash account Cr receivables
- Which of the following items reduces Net Income? (check all that apply) Revenues Stockholders' Equity Dividends Liabilities ExpensesSelect contra accounts (e.g., contra-assets, contra-liabilities, contra-equity accounts). Select all that apply. O Amortization Expense O Accumulated Amortization O Bad debt expense O Treasury Stock O Depreciation Expense O Accumulated Depreciation O Additional Paid-In Capital O Allowance for Doubtful Account O Common StockThe Retained Earnings account: a. is a special fund for paying shareholders' dividends on the basis of income.b. has a credit balance if earnings have been greater than losses and dividends, and is reported as part of shareholders' equity on the statement of financial position.c. has a debit balance if losses have exceeded earnings, and is reported as part of assets on the statement of financial position.d. represents the amount of cash available for payment of dividends if there has been profitable operations.
- Classify each of these items as an asset, liability, or equity. "Share Capital - Ordinary" Choose... "Accounts receivable" "Utility Expense" Prepaid rent "Notes Payable" "Cash" S "Accou "Utility Prepai Choose... Classify each of these items as an asset, liability, or equity. "Notes Choose... "Share Capital - Ordinary" Choose... ◆ "Cash" Choose... Choose... Choose... Choose... ✔ Assets Equity Expenses Liabilities ?Classify each of these items as an asset, liability, or equity. "Share Capital - Ordinary" Choose... "Accounts receivable" "Utility Expense" Prepaid rent "Notes Payable" "Cash" S "Accou "Utility Prepai "Notes Choose... Classify each of these items as an asset, liability, or equity. "Cash" Choose... "Share Capital - Ordinary" Choose... + I need solve Choose... Choose... Choose... Choose... ✔ Assets Equity Expenses Liabilities ?Solve for the: *Assets (specify the current and non-current) *Liabilities (specify the current and non-current) *Stockholders' equity (include the non-controlling interest) In good accounting form, please. Thank you! <33