If assets are $175,000 and equity is $47,000, then liabilities equal O $47,000 O $128,000 O $175,000 O $204,000 If the
Posted: Fri Jul 01, 2022 8:38 am
- If Assets Are 175 000 And Equity Is 47 000 Then Liabilities Equal O 47 000 O 128 000 O 175 000 O 204 000 If The 1 (21.18 KiB) Viewed 36 times
- If Assets Are 175 000 And Equity Is 47 000 Then Liabilities Equal O 47 000 O 128 000 O 175 000 O 204 000 If The 2 (28.76 KiB) Viewed 36 times
- If Assets Are 175 000 And Equity Is 47 000 Then Liabilities Equal O 47 000 O 128 000 O 175 000 O 204 000 If The 3 (25.56 KiB) Viewed 36 times
If the value of an Asset increases, the accounts should be updated.( Assume in the normal course of business) O Always true O Sometimes true O Always false O None of the above
Depreciation results in Cash outflow O Depends on the value of the asset O Depends on the cash balance Depends on the method of depreciation O Does not affect Cash