Accurate Explanation A transaction recording income earned:A. leaves total assets unchangedB. increases assets and decreases equityC. increases assets and equityD. increase assets and liabilities

Explanation of Assets: Assets are resources owned by a business that have economic value and are…

Answered: A transaction recording income earned:…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20MC: Which of the following is a measurement of earnings that represents the profit before interest,...

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A transaction recording income earned:
Which formula calculates the return on assets ratio? a. (Net Income + Discontinued Operations)/Average Assets b. Net Income/Average Total Assets c. (Net Income + Income Tax Expense)/Average Assets d. Income from Continuing Operations/Average Assets. Answer this General Accounting MCQ.
Financial Accounting ‏
Which formula calculates the return on assets ratio? a. (Net Income + Discontinued Operations)/Average Assets b. Net Income/Average Total Assets c. (Net Income + Income Tax Expense)/Average Assets d. Income from Continuing Operations/Average Assets. Answer this financial Accounting MCQ.
Which of the following is the correct formula for calculating rate of return on total assets? A. (Net income minus− Interest expense) / Average total asset B. Total equity / Total assets C. (Net income + Interest expense) / Average total assets D. (Net income minus− Interest expense) / Total assets
Correct Answer
Debit: decrease both assets and liabilities. a. increase assets and decrease b. liabilities. decrease assets and increase Oc. liabilities. С. increase both assets and liabilities. Od.
B4.
provide solution. in this questions.
financial account
In which of the following types of accounts are increases recorded by credits? A. revenues and liabilities B. drawing and assets C. expenses and liabilities
The monetary value of the net assets is reported at its historical cost on the balance sheet? a. physical capital b. excess capital c. net capital d. financial capital

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A transaction recording income earned: A. leaves total assets unchanged B. increases assets and decreases equity C. increases assets and equity D. increase assets and liabilities