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 206 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?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Cyanide works by making the human body unable to use oxygen.

How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
How to convert verbal statements into algebraic equations (Part 2) How to convert verbal statements into algebraic equations (Part 2)
Trig Equation Trig Equation
Solving Linear Equations Solving Linear Equations
What if the equation for the parabola is a trinomial? How would you substitute the y-points ... What if the equation for the parabola is a trinomial? How would you substitute the y-points ...
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library