Business
Business, 22.04.2020 00:05, tray9629

Olive Enterprises experienced the following events during Year 1

1. Acquired cash from the issue of common stock.
2. Paid cash to reduce the principal on a bank note.
3. Sold land for cash at an amount equal to its cost.
4. Provided services to clients for cash.
5. Paid utilities expenses with cash.
6. Paid a cash dividend to the stockholders.

Explain how each of the events would affect the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for does not affect under each of the components of the accounting equation.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 18:20, shelbyhood8329
Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this
Answers: 1
image
Business, 22.06.2019 14:00, gcristhian8863
Which of the following would be an accurate statement about achieving a balanced budget
Answers: 1
image
Business, 22.06.2019 19:00, chrisroman152
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
Answers: 2
image
Business, 22.06.2019 21:20, dorianhenderson987
Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.
Answers: 3
Do you know the correct answer?
Olive Enterprises experienced the following events during Year 1

1. Acquired cash from...

Questions in other subjects: