Which transactions increases asset and capital

Assignment Help Accounting Basics
Reference no: EM132737820

Problem 1: Which of the following transactions increases asset and capital in the accounting equation?

A) Cash is received from a customer for services rendered to them.

B) Cash is received from proceeds of a loan from a financing institution.

C) Cash is received from a customer previously billed.

D) All of the choices

Problem 2: One who does not take active part in the business and is not known or held out as a partner

A) Dormant

B) Secret

C) Limited

D) Silent

Reference no: EM132737820

Questions Cloud

What kind of contributions to the partnership : The method of admitting new partner in the partnership which involves a personal transaction between the incoming partner and the existing partner is by
Is this a fixed principal or blended payment schedule : Question - The following instalment payment schedule is for an instalment note payable: Is this a fixed principal or blended payment schedule
Dust and gas cloud called the solar nebula : Our solar system was created from a dust and gas cloud called the solar nebula. Describe the processes that took place in this theory of creation
Identify the types of teams in organizations : Explain contributions that teams make and how managers can make teams more effective. Identify the types of teams in organizations.
Which transactions increases asset and capital : Which transactions increases asset and capital in the accounting equation? Cash is received from a customer for services rendered to them.
Identify the accounts payable audit objectives : Identify the accounts payable audit objectives that auditors must consider in determining the audit procedures to be performed
Prioritization system : Discuss some possible methods for helping the maintenance supervisor understand why he or she may need to change his or her prioritization system.
Find non-cash asset received by a corporation in exchange : Assuming reliably determinable, the best basis to measure the non-cash asset received by a corporation in exchange for shares issued is the
What role did technology play in claudia situation : -What role did technology play in Claudia's situation? What role did human error play in her situation?

Reviews

Write a Review

Accounting Basics Questions & Answers

  A corporation has 79105 shares of 27 par value stock

a corporation has 79105 shares of 27 par value stock outstanding that has a current market value of 359. if the

  Basics consolidated statements

If the patent is to be written off over a 10-year period, at what amount should it be reported on consolidated statements at December 31, 2012?

  What are the effects on tom gross income

The company reimburses each employee who rides the bus $100 a month for the cost of a pass. What are the effects on Tom gross income

  A factory machine was purchased for 60000 on january 1 2010

a factory machine was purchased for 60000 on january 1 2010. it was estimated that it would have a 12000 salvage value

  What is the balance of split co shareholders equity account

What is the balance of Split Co shareholders equity account? What is PF Co.'s shareholders equity balance at the end of January?

  Efficiency based absorption costing

Please provide the explanations to below listed accounting keywords, ( please avoid the similarity and note that i need 400 words). 1-Efficiency Based Absorption Costing

  Prepare an audit estimate of the amount of interest expense

Analytical Procedures and Interest Expense. Wey man Z. Wannamaker is the chief financial officer of Cogburn Company. He prides himself on being able to manage.

  Prepare in good format income statement for Bright Futures

repare in good format an income statement for Bright Futures Company for the month ended August 31. Refer to the lists of Accounts in the information given

  Calculate the taxable income

Karen, a married woman with four exemptions, earns $2,000 per biweekly payroll. Calculate the taxable income when qualified health care deductions are involved

  Review problem on cost-volume-profit analysis

Assume that you are preparing a seminar on cost-volume-profit analysis for non-accountants. Several potential attendees have approached you and have asked.

  How xero is better than others in terms of training function

Comparision of Xero with accounting software, how Xero is better than others, in terms of training functions, ease of documentation and staff selection.

  What is the impact on monthly operating profit

What is the impact on monthly operating profit if the special order is accepted and Heavenly Treats is currently operating at its full capacity of 12000 cases

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