mid term

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hanh.dao.sapp
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Zusammenfassung der Ressource

Frage 1

Frage
Which of the following is the normal way to present the accounting equation?
Antworten
  • Liabilities = Assets – Owners’ equity
  • Assets – Liabilities = Owners’ equity
  • Assets = Liabilities + Owners’ equity
  • Assets – Liabilities – Owners’ equity = 0

Frage 2

Frage
2. A business has $250,000 total liabilities. At start-up, the owners invested $500,000 in the business. Unfortunately, the business has suffered a cumulative loss of $200,000 up to the present time. What is the amount of its total assets at the present time?
Antworten
  • 500
  • 600
  • 550
  • 650
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