This topic contains a solution. Click here to go to the answer

Author Question: Capital at the beginning of the month amounted to 4,000; net income for the month amounted to 1,000; ... (Read 118 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
Capital at the beginning of the month amounted to 4,000; net income for the month amounted to 1,000; and withdrawals for personal use during the month amounted to 2,000 . Capital at the end of the month is
 a. 3,000.
   b. 2,000.
   c. 7,000.
   d. 5,000.

Question 2

GAAP, or generally accepted accounting principles, are the rules for preparing financial statements followed by the accounting profession in the United States.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ASDFGJLO

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

a

Answer to Question 2

TRUE




sabina

  • Member
  • Posts: 563
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review


mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library