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Author Question: The total assets amount to 26,000 and the total liabilities amount to 18,000 . The amount of the ... (Read 64 times)

Caiter2013

  • Hero Member
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  • Posts: 607
on: Jul 5, 2018
The total assets amount to 26,000 and the total liabilities amount to 18,000 . The amount of the owner's equity is
 a. 18,000.
   b. 44,000.
   c. 26,000.
   d. 8,000.

Question 2

Buyers and sellers do not normally record the list prices of merchandise and the trade discounts in accounts.
 a. True
  b. False
 
   Indicate whether the statement is true or false


yotaSR5

  • Sr. Member
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  • Posts: 331
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

True


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