Business
Business, 24.12.2021 08:40, blaqsafire9291

Joan is the proprietor of a manufacturing company. She purchased a machine worth $1,000 for the business on credit. How will this transaction affect the accounting equation? A. Assets (1,000) = Liabilities (1,000) + Owners' Equity
B. Assets = Liabilities (1,000) + Owners Equity (1,000)
C. Assets (1,000) = Liabilities + Owners Equity (1,000)
D. Assets = Liabilities (1.000) + Owners' Equity (1,000)

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 02:00, rsanchez1226
On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)
Answers: 3
image
Business, 22.06.2019 22:50, tiffanibell71
Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand. b. price increases have failed to bring about demand management. c. demand exceeds capacity. d. demand exceeds 100 percent. e. the existing product has seasonal or cyclical demand.
Answers: 3
image
Business, 23.06.2019 01:30, Elijah7934
What are six resources for you decide which type of business to start and how to start it?
Answers: 3
image
Business, 23.06.2019 02:40, PokemonCatchEmAll
The mayflower, a seafood restaurant, had the following liabilities by the end of 2015: accounts payable $60,000 wages payable $100,000 unearned revenue $125,000 (60% will be earned in 2016) notes payable $140,000 ($45,000 payable in 2016) what is the amount that the mayflower should report as total current liability on its balance sheet as of december 31, 2015?
Answers: 2
Do you know the correct answer?
Joan is the proprietor of a manufacturing company. She purchased a machine worth $1,000 for the busi...

Questions in other subjects:

Konu
Biology, 08.10.2019 03:30