This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following equations is the fundamental accounting equation? a. Assets Liabilities = ... (Read 151 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jul 6, 2018
Which of the following equations is the fundamental accounting equation?
 a. Assets  Liabilities = Owner's Equity
  b. Assets = Liabilities + Owner's Equity
  c. Assets + Liabilities = Owner's Equity
  d. Assets  Owner's Equity = Liabilities
  e. Assets + Owner's Equity = Liabilities

Question 2

Amounts owed by a business are referred to as
 a. assets.
  b. equities.
  c. liabilities.
  d. capital.
  e. expenses.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chevyboi1976

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

C


vicotolentino

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jul 6, 2018
Thank you :)


chevyboi1976

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jul 6, 2018
Happy to help you


« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

How to solve equations that contain radicals How to solve equations that contain radicals
Anaerobic glycolysis Chemical Equation Anaerobic glycolysis Chemical Equation
Answers to Quadratic Equations Answers to Quadratic Equations
Algebraically determine the general solution, in degrees, of the equation below. Algebraically determine the general solution, in degrees, of the equation below.
Algebraically solve the equation sec^2 θ-2=0 such that -π ≤ θ ≤ π Algebraically solve the equation sec^2 θ-2=0 such that -π ≤ θ ≤ π
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library