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.
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.
举一反三
- At the beginning of the period assets are $18,000 and at the end of the period assets are $21,000. At the beginning of the period liabilities are $11,000 and at the end of the period liabilities are $10,000. How did owners' equity for the period change? A: Decrease of $1,000 B: Increase of $3,000 C: Increase of $1,000 D: Decrease of $3,000 E: Increase of $4,000
- 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
- According to the expanding of accounting equation, the debit side record the increase of ( ) A: Assets B: Liabilities C: Owner’s equity D: Expenses
- The assets of Company A are $145,200, and the owner’s equity is $26,000. What is the amount of the liabilities?
- If the size of a tax increases, tax revenue will ( ) A: increase. B: decrease. C: increase, then decrease. D: decrease, then increase.