« previous next »

Author Question: Diana, a forensic accountant, obtained the financial statements of Ryer Inc. from its accountant. ... (Read 154 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jul 6, 2018
Diana, a forensic accountant, obtained the financial statements of Ryer Inc. from its accountant. She noted that Ryer generated a profit of 152.7 million in the previous year. This is an example of
 
  A) third-party data.
  B) quantitative data.
  C) fourth-party data.
  D) qualitative data.

Question 2

Bendada deposited 25,000 in a bank account in the name of the business. Which of the following is true in regards to the fundamental accounting equation?
 a. Assets increase by 25,000.
  b. Liabilities increase by 25,000.
  c. Assets decrease by 25,000.
  d. Owner's Equity decreases by 25,000.
  e. Liabilities decrease by 25,000.


diana chang

  • Sr. Member
  • ****
  • Posts: 288
Reply #1 on: Jul 6, 2018
Answer to Question 1

B
Explanation: B) Quantitative data can be measured and expressed numerically, such as profit, weight, time, and age.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through
Coronary artery bypass graft (CABG). The grafts are often obtained from the patient’s saphenous vein Coronary artery bypass graft (CABG). The grafts are often obtained from the patient’s saphenous vein
The first dark spot observed on Uranus. Image obtained by the HST ACS in 2006. The first dark spot observed on Uranus. Image obtained by the HST ACS in 2006.
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
How to convert verbal statements into algebraic equations (Part 4) How to convert verbal statements into algebraic equations (Part 4)
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library