Carl cornfield makes a payment on his tractor. what two lines of the balance sheet will this payment change? it will reduce and also reduce .

answer: if carl cornfield makes a payment on his new tractor:

in the current assets line the amount of available cash for the company reduces.

while in the liabilities line, the amount of accounts payable (debts) also reduces by the amount paid on the tractor.

balance sheet provides a picture of a company´s financial position of a business. it states its assets, liabilities and amount owned by the company´s shareholders also known as   equity (value of assets less the value of liability on that asset) of the business at a specific point in time.

there fore: assets = liability + shareholder´s equity.

these are arranged in a spreadsheet format.

included in the list of assets are:   cash, petty cash, temporary investments, accounts receivable, inventory, supplies, pre paid insurance, land and property, buildings, equipment, etc.

liabilities are considered as: notes payable, accounts payable, wages payable, interest payable, bonds payable, etc.

as for shareholder´s equity , examples are: common stock, retained earnings,etc.

anyone who was dealing with communism in soviet union in his time had an ideal picture of equality, freedom, the struggle of the working class for a better future, the success of the aristocracy's overthrow and the emancipation of subjugation.   however, anyone who would go to soviet union to see the functioning of the communist system, would be convinced that it was about sad people, about everyday bad life, about the brutal attitude of communist leaders, about ill obsession to completely exterminate every thought on aristocracy. thus, orwell wanted to show all the absurdity, the brutality of the system, the unbearable rule of suspicious morality, the ignorant people who try to play professionally.

the answers are: b. and e.

do you have part b? ?

explanation: