A firm’s ______ reports the book value of all assets, liabilities, and owner’s equity at a given point in time.
举一反三
- 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
- The liabilities and owner's equity of B Company are $94,000 and $39,000. What's the amount of the assets?
- The assets of Company A are $145,200, and the owner’s equity is $26,000. What is the amount of the liabilities?
- A balance sheet reports:（ ）. A: the assets, liabilities, and owner’s equity on a particular date. B: the difference between revenues and expenses during the period. C: the change in the owner’s equity during the period. D: the cash receipts and cash payments during the period.
- 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.