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
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
举一反三
- Which of the following would be considered an operating activity on the statement of cash flows?( ) A: Dividends paid to stockholders B: The sale of inventory C: Payment to purchase equipment D: The receipt of cash from sale of equipment
- Which of the following items are non-current assets of a business? A: cash B: property C: equipment D: inventory
- The following duties related to cash business that can not be separated is ( ). A: Cash keeping and cash journal recording B: Cash accounting record and audit supervision C: Approval and execution of cash payment D: Cash keeping and recording of the general cash ledger
- 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
- Which of the following is the liability business of commercial Banks? A: issuance of large negotiable certificates of deposit B: cash on hand C: buying government bonds D: agent payment