Author Question: When a business elects to lease a piece of equipment, the resulting impact on the business's balance ... (Read 83 times)

scienceeasy · **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.