• 2021-04-14
    There are three Elements in balance sheet, namely assets, liabilities and owner’s equity.
  • 举一反三

    内容

    • 0

      Assets always amount to the sum of liabilities and the owner's equity.

    • 1

      Which statement regarding the liabilities and owners’ equity section of balance sheet is False? A: Payment of Dividend Payable eliminates both the assets and the owners’ equity. B: Liabilities are debts or obligations that must be discharged in money or services in the future. C: Owners’ equity is a residual claim to the remaining assets after discharge of debts. D: Balance sheet of corporations should separate Capital Stock and Retained Earnings

    • 2

      The accounting elements reflecting the financial status of the enterprise are A: Assets B: Income C: Cost D: Liabilities E: Owner's equity

    • 3

      The assets of Company A are $145,200, and the owner’s equity is $26,000. What is the amount of the liabilities?

    • 4

      The liabilities and owner's equity of B Company are $94,000 and $39,000. What's the amount of the assets?