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Seneca College *

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440

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Accounting

Date

Nov 24, 2024

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pdf

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2

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11/19/23, 8:55 PM Chapter 6 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4682828&cmid=1260517&page=4 1/2 English (en) English (en) Français - Canada (fr_ca) Dashboard / My courses / [Seneca 09/2023] HTM440NHA - Nardi / CHAPTER 6 - Budgeting / Chapter 6 Quiz Question 5 Correct Mark 1.00 out of 1.00 If ABC Restaurant had budgeted total assets of 100, budgeted liabilities of 60, budgeted common shares of $10, budgeted retained earnings would be: Select one: a. $30 b. $100 c. $40 d. $10 Your answer is correct. Explanation: Equity=$100-$60-$10=$30. The correct answer is: $30
11/19/23, 8:55 PM Chapter 6 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4682828&cmid=1260517&page=4 2/2 Français (fr)
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