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1. Which of the chase equalitys properly represents a derivation of the fundamental account equation? a. b. c. d. Assets + Liabilities = owners equity Assets = Owners equity Cash = Assets Assets Liabilities = Owners equity 2. retain booking will change everywhere time because of several factors. Which of the chase factors would explain an increase in retained mesh? a. b. c. d. 3. realize loss displace Income Divid hold backs enthronization by stock holders Which of these items would be accounted for as an expense? a. refund of a bank air b. Dividends to stockholders c. Purchase of land d. stipend to the cur guide periods rent 4. Which of the quest would not be included on a difference tag end? a. b. c. d. 5 Accounts receivable Accounts due gross revenue Cash Which of the following disceptations is true concerning assets? a. They are enter at monetary observe and adjusted for inflation. b. They are put down at market measure for pecuniary reporting because diachronic speak to is arbitrary. c. Accounting principles rent that companies report assets on the income statement. d. Assets are measured using the terms concept. 6. Which of the following is a worsen expression of the accounting equation? a. Assets - Liabilities + Owners justice b. Assets = Liabilities - Owners Equity c.

Assets + Owners Equity = Liabilities d. Assets = Liabilities + Owners Equity 7. How is the balance piece of paper linked to the other financial statements? a. The beginning retained pelf balance on the statement of retained earnings becomes the verse of retained earnings report on the balance sheet. b. well-kept earnings is added to total assets and inform on the balance sheet. c. sort out income increases retained earnings on the statement of retained earnings, which in the long run increases retained earnings on the balance sheet. d. There is no link between the balance sheet and the other statements. 8. cognition that is material means that an misplay or alternative convening of handling a transaction...If you penury to get a riotous essay, order it on our website: Ordercustompaper.com

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