A cash investment into the business by the owner would:
A) increase liabilities and increase owner's equity.
B) increase total assets and decrease owner's equity.
C) increase owner's equity and increase total assets.
D) increase total assets and decrease liabilities.
Correct Answer:
Verified
Q62: Purchasing supplies for cash would:
A)decrease total assets
Q63: If owner's equity is $200,000 and total
Q64: If total liabilities are $98,000 and owner's
Q65: Purchasing office equipment on account would:
A)increase total
Q66: Purchasing a parcel of land for $100,000
Q68: Earning a revenue and immediately collecting the
Q69: Earning a revenue on account would:
A)increase liabilities.
B)decrease
Q70: Purchasing office equipment on account would:
A)decrease owner's
Q71: The payment of an account payable would:
A)increase
Q72: Collection of an account receivable would:
A)decrease liabilities.
B)have
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