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Author Question: Over a period of time, if total assets increase by 27,000 and total liabilities increase by 7,000, ... (Read 99 times)

pepyto

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on: Jul 6, 2018
Over a period of time, if total assets increase by 27,000 and total liabilities increase by 7,000, then owner's equity will be increased by
 a. 7,000.
  b. 34,000.
  c. 27,000.
  d. 20,000.
  e. none of these.

Question 2

Since time is an objective measure, all measurements of time are reliable.
 
  Indicate whether the statement is true or false


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Chou

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Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

FALSE
Explanation: Although time is an objective measure, this does not mean that all measurements of time are reliable.


pepyto

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

strudel15

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Reply 3 on: Yesterday
Excellent

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