Accounts receivable. b. Accounts payable. c. Sales. d. Cash. 9. Of the following account types‚ which would be increased by a debit? a. Liabilities and expenses. b. Assets and equity. c. Assets and expenses. d. Equity and revenues. 10. Cash reduction of capital result in: a. Increase in owner’s equity and assets b. Increase in owner’s equity and liabilities c. Decrease in owner’s equity and assets d. Decrease in owner’s equity and
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1) The net working capital of a firm will decrease when accrued wages are paid with cash. False 2) While corporations provide shareholders returns from _______‚ capital markets provide returns to shareholders from ______. Dividends; capital gains 3) The Sarbanes-Oxley act of 2002 was passed to: Establish auditing standards. 4) In general‚ what is changing as you read down the left hand side of a balance sheet? The assets are becoming less liquid. 5) Early in
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TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable Total Accounts Payable Credit Cards MasterCard 0.00 Total Credit Cards 0.00 Other Current Liabilities Unearned Revenue Accrued Liabilities Payroll Liabilities Sales Tax Payable 16‚250.00 1‚995.52 3‚370.36 26‚044.85 2‚000.00 3‚000.00 30‚000.00 -4.48 370.36 -3‚955.15 99.8% 112.3% 86.8% Total Other Current Liabilities 47‚660.73 35‚000.00 12‚660.73 136.2% Total Current Liabilities 344‚660.73
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unitech (real estate company) profile of the company FULL DESCRIPTION Unitech Limited is a real estate developer engaged in real estate development and related activities‚ including construction and consultancy services. Its segments include real estate and related activities‚ property management‚ hospitality‚ electrical and others. Real estate development includes development of mini cities/townships‚ construction of residential
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Apollo Shoes‚ Inc. Potential Problem Areas December 31‚ 2011 The following refers to the Comparative Trial Balances‚ GA-7.1 through GA-7.5: Accounts Receivable‚ Other Receivables‚ Allowance for Doubtful Accounts‚ Bad Debt ExpenseInventories and Reserve for Inventory Obsolescence Prepaid Insurance and Insurance Expense Machinery‚ Equipment‚ and Office Furniture Accounts Payable Taxes Payable Line of Credit Sales‚ Sales Returns‚ Net Sales – Relationship to Inventory Research & Development
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distinguish the meaning of the capital‚ assets and liability. Assets are economic resources of the business that are expected to bring benefits for the business in the future‚ the Important point is it can bring you benefits in the future instead of consuming at the end of the year. Capital‚ we can also called owners’ equity is the economic resources that was contributed by the owners of the business to the business. The last component is liability which is the name given to the amounts owing to these
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EVENT MANAGEMENT INTRODUCTION Event management is the application of project management to the creation and development of festivals‚ events and conferences. Event management involves studying the intricacies of the brand‚ identifying the target audience‚ devising the event concept‚ planning the logistics and coordinating the technical aspects before actually launching the event. Post-event analysis and ensuring a return on investment have become significant drivers for the event industry.[1]
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the year. 2. A loan from the bank: a. increases assets and owner’s equity. b. increases assets and liabilities. c. increases liabilities and owner’s equity. d. total assets remain unchanged. 3. The key components in measuring income are: a. revenue and assets. b. assets and liabilities. c. revenue and expenses. d. retained earnings and expenses. e. revenue and liabilities. f. expenses and assets. 4. Given the following information at the end of the year‚ what was the balance
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$86 174 Liabilities Current liabilities Income Taxes Payable $471 Accounts Payable 8‚680 Short Term Notes Payable 17‚874 Other Current Liabilities 796 Total Current liabilities 27821 Long Term Liabilities 14‚736 Other non-current Liabilities 10‚449 Total Long Term Liabilities 25185 Total Liabilities
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Chapter 1 The Financial Statements Short Exercises (5 min.) S 1-1 Computed amounts in boxes Total Assets = Total Liabilities + Stockholders’ Equity a. $300‚000 = $150‚000 + $150‚000 b. 280‚000 = 110‚000 + 170‚000 c. 210‚000 = 50‚000 + 160‚000 (5 min.) S 1-2 Ethics is a factor that should be included in every business and accounting decision‚ beyond the potential economic and legal consequences
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