____________________ is the amount by which business assets ...

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___________________ _ is the amount by which business assets exceed the business liabilities.
 Fill in the blank(s) with correct word

Question 2

Charges for tuition for the current semester of a local college totaled 300,000 . Academic scholarships were awarded to students in the amount of 25,000 and tuition waivers were given to children of employees in the amount of 10,000 .
 
  The college should report
  A. Revenues of 265,000 and Expenses of 35,000
  B. Revenues of 275,000, net of 25,000 in allowances, and 10,000 in Expenses.
  C. Revenues of 290,000, net of 10,000 in Allowances, and 25,000 in Expenses.
  D. Revenues of 300,000 and Expenses of 35,000.

[phuda]

Answer to Question 1

Owner's equity

Answer to Question 2

B

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Gracias!

[ttt030911]

Excellent