« previous next »

Author Question: Diana, a forensic accountant, obtained the financial statements of Ryer Inc. from its accountant. ... (Read 233 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?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Some breeds of dogs that have been obtained by selective breeding. Some breeds of dogs that have been obtained by selective breeding.
Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through
Like all animals, primates must balance their calories expended searching for food with calories, pr Like all animals, primates must balance their calories expended searching for food with calories, pr
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
Diana Duyser’s Grilled Cheese Diana Duyser’s Grilled Cheese
Chromosomal positions of the 13 core STR loci used for forensic DNA profiling Chromosomal positions of the 13 core STR loci used for forensic DNA profiling
Video: Junction Types - Tight and Adherens Junctions

For a complete list of videos, visit our video library