« previous next »

Author Question: Net income for a company is 35,000 for the current year. The owner withdrew 3,500 per month for ... (Read 74 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
on: Jul 6, 2018
Net income for a company is 35,000 for the current year. The owner withdrew 3,500 per month for personal expenses. The owner's Capital account will show a net
 a. decrease of 7,000.
   b. increase of 7,000.
   c. decrease of 42,000.
   d. increase of 42,000.
   e. increase of 77,000.

Question 2

Which of the following business valuation organizations merged with the NACVA in 2012?
 
  A) the American Society of Certified Analysts
  B) the Institute of Business Appraisers
  C) the American Society of Appraisers
  D) the Institute of Valuation Analysts


aham8f

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 6, 2018
Answer to Question 1

a

Answer to Question 2

B
Explanation: B) The Institute of Business Appraisers (IBA) merged with NACVA in 2012.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ... This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ...
When the exhaust is lean, the PCM applies a positive current into the pump cell. When the exhaust is lean, the PCM applies a positive current into the pump cell.
Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Video: EpiPen Animation (Part 1)

For a complete list of videos, visit our video library