« previous next »

Author Question: Diana, a forensic accountant, obtained the financial statements of Ryer Inc. from its accountant. ... (Read 170 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jul 6, 2018
Diana, a forensic accountant, obtained the financial statements of Ryer Inc. from its accountant. She noted that Ryer generated a profit of 152.7 million in the previous year. This is an example of
 
  A) third-party data.
  B) quantitative data.
  C) fourth-party data.
  D) qualitative data.

Question 2

Bendada deposited 25,000 in a bank account in the name of the business. Which of the following is true in regards to the fundamental accounting equation?
 a. Assets increase by 25,000.
  b. Liabilities increase by 25,000.
  c. Assets decrease by 25,000.
  d. Owner's Equity decreases by 25,000.
  e. Liabilities decrease by 25,000.


diana chang

  • Sr. Member
  • ****
  • Posts: 288
Reply #1 on: Jul 6, 2018
Answer to Question 1

B
Explanation: B) Quantitative data can be measured and expressed numerically, such as profit, weight, time, and age.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

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?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Coronary artery bypass graft (CABG). The grafts are often obtained from the patient’s saphenous vein Coronary artery bypass graft (CABG). The grafts are often obtained from the patient’s saphenous vein
Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2 Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2
Are the resutls from the glucose strip test consistent with the results obtained from the ... Are the resutls from the glucose strip test consistent with the results obtained from the ...
Psychoactive substances: (left) Psilocybin is obtained from a species of mushroom; (right) LSD is ... Psychoactive substances: (left) Psilocybin is obtained from a species of mushroom; (right) LSD is ...
Examples of Mission Statements Examples of Mission Statements
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library