« 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 49 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?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ... Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ...
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Infant mortality by income quintile, urban Canada, 1996 Infant mortality by income quintile, urban Canada, 1996
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library