Jerry Frost invested equipment in his business having a fair ...

[khang]

Jerry Frost invested equipment in his business having a fair market value of 23,500 . What are the effects on the fundamental accounting equation?
 a. Assets increase 23,500; liabilities, no effect; owner's equity increases 23,500.
  b. Assets increase 23,500; liabilities decrease 23,500; owner's equity increases 23,500.
  c. Assets increase 23,500; liabilities increase 23,500; owner's equity, no effect.
  d. Assets decrease 23,500; liabilities, no effect; owner's equity decreases 23,500.
  e. Assets decrease 23,500; liabilities, no effect; owner's equity increases 23,500.

Question 2

Which of the following statements best defines the term data analysis?
 
  A) It is the process of eliciting information.
  B) It is the act of conducting a systematic enquiry or appraisal.
  C) It is the separation of a whole into its component parts.
  D) It is the process of consolidating data.

[raili21]

Answer to Question 1

A

Answer to Question 2

C
Explanation: C) Analysis is defined as separation of a whole into its component parts.

[khang]

YES! Correct, THANKS for helping me on my review

[vickyvicksss]

Great answer, keep it coming