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Answer added by  وضاح يحي, مدير حساب, وزاره الماليه
27 days ago

Investment and stakeholders

You pay a dividend, what happens on the cash flow statement and in which section?‎

  1. Cash increases - Investing section   2. Cash increases - Operating section   3. Cash decreases - Financing section   4. Cash increases - Financing section‎ ... See More

The sale for $2,000 of equipment that cost $8,000 and has accumulated depreciation of $6,700 would result in a?‎

a. gain of $2,000. b. gain of $700. c. loss of $700. d. loss of $1,300.‎

A company is being sued for $100,000. What would be recorded on the balance sheet?‎

    a. Nothing   b. $100,000 Set-aside Cash   c. $100,000 Liability   d. $100,000 Contingent Liability‎

Working capital is a measure of:‎

a.consistency. b.liquidity. c.profitability. d.solvency. e.none of the options listed‎

If beginning capital was $25,000, ending capital is $37,000, and owner's withdrawals were $23,000, the amount of net income / loss for the period was?‎

a.net loss of $35,000 b.net income of $35,000 c.net income of $14,000 d.net loss of $14,000‎

Which of the following equations properly represents a derivation of the fundamental accounting equation?‎

  • Assets + liabilities = owner's equity   • Assets = owner's equity   • Cash = assets   • Assets - liabilities = owner's equity‎

What does IAS Twelve deal with? ‎

1. inventories   2. Taxes   3. construction contracts   4. revenue    ‎

 

Answer added by  Deleted user
1 month ago

1. The proportion of the total value for land = $614,400 / ($614,400 + $345,600) = 64% 2. Land recorded at 64% of $920,000 = $588,800 Answer: Increase land by $588,800

The elements of the accounting equation are I. Assets II. Liabilities III. Trial Balance IV. Capital?‎

  (A) I, II and III     (B)I, II and IV     (C) I, III and IV     (D)II, III and IV‎