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

Author Question: ____________________ is the amount by which business assets exceed the business liabilities. Fill ... (Read 236 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
___________________ _ 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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

phuda

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

Owner's equity

Answer to Question 2

B




plus1

  • Member
  • Posts: 676
Reply 2 on: Jul 5, 2018
:D TYSM


adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

For a complete list of videos, visit our video library