« previous next »

Author Question: The ________________ shows how and why the owner's equity account has changed over a stated period ... (Read 200 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jul 6, 2018
The ________________ shows how and why the owner's equity account has changed over a stated period of time.
 a. balance sheet
  b. income statement
  c. statement of owner's equity
  d. statement of change

Question 2

Davis Company has the following accounts and balances at the end of the year: Cash, 1,200 Accounts Receivable, 280 Office Equipment, 3,000 Accounts Payable, 1,400 Income from Services, 3,500 Rent Expense, 670 Salaries Expense, 1,000 R. Davis, Capital at the beginning of the year was 2,050 . Rob Davis also withdrew 800 from the company during the year. What is the amount of total assets reported on the balance sheet?
 a. 1,480
  b. 9,800
  c. 3,080
  d. 4,480


mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 6, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

The geomagnetic polarity time scale shows how Earth’s magnetic pole has changed through geologic tim The geomagnetic polarity time scale shows how Earth’s magnetic pole has changed through geologic tim
Do not interact with a service dog unless you have permission from its owner. Do not interact with a service dog unless you have permission from its owner.
Fetal Period Fetal Period
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ... The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ...
The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library