The liabilities of a company increased

Assignment Help Accounting Basics
Reference no: EM13701722

If the liabilities of a company increased $101,000 during a period of time and equity in the business decreased $45,000 during the same period, did the assets of the company increase or decrease? By what amount?

 

Reference no: EM13701722

Questions Cloud

Improve the profitability of credit sales made : Assess the expected  financial impact of each of the following proposals to improve the profitability of credit sales made by your company. Each proposal is independent of the other.
Calculate the maximum bending and shear stresses : A cantilevered beam with a circular-tube cross section has an outer diameter of 100 mm and a wall thickness of 10 mm. The load perpendicular to the beam is 15,000 N, and the beam is 1.2 m long from the point of force to the wall where the beam is fas..
Determine the minimum diameter of a solid shaft : Determine the minimum diameter of a solid shaft used to transmit 500 kW of power from a 3000-rpm motor so that the shear stress does not exceed 50 MPa.
Azeotrope of chloroform–methanol-vapor–liquid equilibrium : Azeotrope of chloroform–methanol. Vapor–liquid equilibrium data at 101.3 kPa are given for the chloroform–methanol system on p. 13-11 of Perry’s Chemical Engineers’ Handbook, 6th ed. From these data, prepare plots like Figures 4.6b and 4.6c. From the..
The liabilities of a company increased : If the liabilities of a company increased $101,000 during a period of time and equity in the business decreased $45,000 during the same period, did the assets of the company increase or decrease? By what amount?
Determine the maximum exit velocity for this nozzle : Air enters an adiabatic nozzle at 5.18 MPa and 400K with a velocity of 20 m/s. The air exits at 2.00MPa. Determine the maximum exit velocity for this nozzle.
Determine the work required to compress the system : A piston cylinder contains 1 kg of R-134a and undergoes a reversible compression process. During the process the R-134a also loses 37 kJ of heat to the environment. If the temperature of the piston remains a constant 20 oC and the initial the pressur..
Device creates or destroys energy or destroys entropy : The Acme Company claims to have designed an adiabatic turbine that will produce 126.2 BTU per pound of steam. The operating conditions are labeled on the diagram below. Is this company's claim valid or is this a perpetual motion machine? Hint: Determ..
Linear impulse-momentum equation is obtained by integrating : The linear impulse and momentum equation is obtained by integrating the ______ with respect to time. Which parameter is not involved in the linear impulse and momentum equation?  The internal impulses acting on a system of particles always. Select th..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cost versus usage percentages be assessed and analyzed

How should cost versus usage percentages be assessed and Analyzed? This area will need to address actual costs compared to edible portion costs. It should also include how waste affects costs. 100-150 words

  When you analyze the standard classifications that are

when you analyze the standard classifications that are used in preparing a classified balance sheet. should there be

  Morrissey law firm has found from past experience that

morrissey law firm has found from past experience that twenty percent of its services are for cash. the remaining

  Name three other sections from home depot 2009

Name the titles of each of Home Depot's financial statements that provide specific information about economic resources, claims to resources, and changes in resources and claims.

  Lanier company began operations on january 1 2010 and uses

lanier company began operations on january 1 2010 and uses the fifo method in costing its raw material inventory.

  Compute operating income

Compute operating income for April, May and June under variable costing

  Problem on cash payments to suppliers

Dee's inventory and accounts payable balances at December 31, 2011, increased over their December 31, 2010, balances. Should these increases be added to or deducted from cash payments to suppliers to arrive at 2011 cost of goods sold?

  The atgar corporation records all purchases and the

the atgar corporation records all purchases and the corresponding liabilities net of cash discounts. whenever it pays

  Trial balance column with the larger amount

For each error, indicate (a) whether the trial balance will not balance (b) the amount of the difference and (c) the trial balance column with the larger amount. Consider each error separately. Use the following form, in which error 1 is given as ..

  The covariance of the returns between wildcat stock and sun

the covariance of the returns between wildcat stock and sun devil stock is 0.09875. the variance of wildcat is 0.2116

  You are a board member of ace global institute a university

you are a board member of ace global institute a university in the united states. you are in the first level of

  The two firms fall in the same industry

Can the financial positions of the two firms be compared assuming that the two firms fall in the same industry?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd