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Author Question: When a business elects to lease a piece of equipment, the resulting impact on the business's balance ... (Read 28 times)

scienceeasy

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on: Aug 10, 2018
When a business elects to lease a piece of equipment, the resulting impact on the business's balance sheet would be
 
  A) an increase in Liabilities. B) a decrease in Owner's Equity.
  C) an increase in Owner's Equity. D) an increase in Assets.

Question 2

If an investor makes a profit of 15,000 on a 100,000 investment, the rate of return (ROI) on that investment would be:
 
  A) 66.6. B) 10.0. C) 15.0. D) 150.0.


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yotaSR5

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Reply #1 on: Aug 10, 2018
Answer to Question 1

A

Answer to Question 2

C


scienceeasy

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Reply 2 on: Aug 10, 2018
Thanks for the timely response, appreciate it

jamesnevil303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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