MCQSThe amount of owners' equity in a business is not affected by: The percentage of total assets held in cash. The investments made in the business by the owner. The profitability of the business. The amount of dividends paid to stockholdersMCQSA trial balance that balances provides proof that all transactions were correctly journalized and posted to the ledger. True False

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Description: MCQSThe amount of owners' equity in a business is not affected by: The percentage of total assets held in cash. The investments made in the business by the owner. The profitability of the business. The amount of dividends paid to stockholdersMCQS

Assets: It is a resource that will generate future benefits and revenue for the company. It…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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MCQS

The amount of owners' equity in a business is not affected by:

		The percentage of total assets held in cash.
		The investments made in the business by the owner.
		The profitability of the business.
		The amount of dividends paid to stockholders

MCQS

A trial balance that balances provides proof that all transactions were correctly journalized and posted to the ledger.

True

False

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