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Which accounts belongs on the asset side of a balance sheet

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Reference no: EM132753890

Problem 1: Which of the following accounts belongs on the asset side of a balance sheet?

Select one:

a. depreciation expense
b. accounts payable
c. inventory
d. accruals

Problem 2: The increase in owners equity for a given period is equal to

Select one:

a. positive net cash flow minus dividends.
b. net income minus dividends.
c. sales minus dividends.
d. gross profit minus distributions to shareholders.

Reference no: EM132753890

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