Which of the following does not accurately represent the accounting equation? A. Assets Liabilities = Stockholders Equity B. Assets Stockholders Equity = Liabilities C. Assets = Liabilities + Stockholders Equity D. Assets + Liabilities = Stockholders Equity Which of these statements is false? A. Assets = Liabilities + Equity B. Assets Liabilities = Equity C. Liabilities Equity = Assets D. Liabilities = Assets Equity If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000. B. Liabilities exceed equity by $100,000. C. Assets + liabilities equal $100,000. D. None of the above is true. Provide the missing amounts of the accounting equation for each of the following companies. Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity. Impact 1 Impact 2 A. Paid this months utility bill B. Purchased supplies for cash C. Received cash for services performed D. Collected cash from customer accounts receivable E. Paid creditors on account
Which of the following does not accurately represent the
A. Assets Liabilities =
B. Assets Stockholders Equity = Liabilities
C. Assets = Liabilities + Stockholders Equity
D. Assets + Liabilities = Stockholders Equity
Which of these statements is false?
A. Assets = Liabilities + Equity
B. Assets Liabilities = Equity
C. Liabilities Equity = Assets
D. Liabilities = Assets Equity
If equity equals $100,000, which of the following is true?
A. Assets exceed liabilities by $100,000.
B. Liabilities exceed equity by $100,000.
C. Assets + liabilities equal $100,000.
D. None of the above is true.
Provide the missing amounts of the accounting equation for each of the following companies.
Indicate what impact the following transactions would have on the accounting equation, Assets =
Liabilities + Equity.
Impact 1 Impact 2
A. Paid this months utility bill
B. Purchased supplies for cash
C. Received cash for services performed
D. Collected cash from customer accounts receivable
E. Paid creditors on account
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