Which of the following statement is true?
A: All the assets of a business are belong to the owner(s) of the company.
B: Equity financing means cash investment to the business by the owner(s) .
C: A company also can be financed through internally generated cash.
D: None of the above
A: All the assets of a business are belong to the owner(s) of the company.
B: Equity financing means cash investment to the business by the owner(s) .
C: A company also can be financed through internally generated cash.
D: None of the above
举一反三
- Johnson company pays the software company $5,000 with a check that they bought. Which the following statement is true? A: Assets are increase and liabilities are increase. B: Assets are decrease and owner’s equity is decrease. C: Assets are decrease and liabilities are decrease. D: Assets are increase and owner’s equity is increase.
- Which of the following will cause a change in the owners' equity of a business? A: Purchase of equipment with cash B: Payment of the liability with cash C: Investment of cash in the business by the owner D: Sale of equipment for cash at cost
- Which financial statement reports the financial position of a company at a point in time? A: Balance sheet B: Statement of owner’s equity C: Cash flow statement D: Income Statement
- Celine Company purchase a building for the normal operation of the business, the building is ( ) of the Celine Company A: Assets B: Liabilities C: Owner’s equity D: Revenue
- Owners' equity is measured by subtracting liabilities from assets. This sentence can be described as the following equation ______. A: ASSETS - LIABILITIES + OWNER'S EQUITY B: ASSETS - LIABILITIES = OWNER'S EQUITY C: OWNER'S EQUITY = ASSETS + LIABILITIES D: OWNER'S EQUITY = LIABILITIES - ASSETS