Easy transfer of ownership is a characteristic of which form
Not what you're looking for?
1. Easy transfer of ownership is a characteristic of which form of business organization?
Partnership or Corporation.
2. Which of the following is not an external user of accounting data?
Customers.
Labor unions.
The Federal Trade Commission.
Finance director
3. In terms of the principal types of business activities, paying interest expense and receiving interest revenue are examples of
Operating activities.
Financing activities.
Investing activities.
Advertising activities
4. (a) If total assets increased $151,747 during the year and total liabilities decreased $76,550, what is the amount of stockholders' equity at the end of the year?
(b) During the year, total liabilities increased $109,180 and stockholders' equity decreased $61,539. What is the amount of total assets at the end of the year.
(c) If total assets decreased $94,654 and stockholders' equity increased $103,318 during the year, what is the amount of total liabilities at the end of the year?
Assets
= Liabilities
+ Stockholders' Equity
(a) $ $ $
(b) $ $ $
(c) $ $ $
Purchase this Solution
Solution Summary
Easy transfer of ownership is a characteristic of which form of business organization?
Partnership or Corporation.
2. Which of the following is not an external user of accounting data?
Customers.
Labor unions.
The Federal Trade Commission.
Finance director
3. In terms of the principal types of business activities, paying interest expense and receiving interest revenue are examples of
Operating activities.
Financing activities.
Investing activities.
Advertising activities
4. (a) If total assets increased $151,747 during the year and total liabilities decreased $76,550, what is the amount of stockholders' equity at the end of the year?
(b) During the year, total liabilities increased $109,180 and stockholders' equity decreased $61,539. What is the amount of total assets at the end of the year.
(c) If total assets decreased $94,654 and stockholders' equity increased $103,318 during the year, what is the amount of total liabilities at the end of the year?
Assets
= Liabilities
+ Stockholders' Equity
(a) $ $ $
(b) $ $ $
(c) $ $ $
Solution Preview
Easy transfer of ownership is a characteristic of which form of business organization?
Partnership or Corporation.
2. Which of the following is not an external user of accounting data?
Customers.
Labor unions.
The Federal Trade Commission.
Finance director
3. In terms of the principal types of business activities, paying interest expense and receiving interest revenue are examples of
Operating activities.
Financing activities.
Investing activities.
Advertising activities
4. (a) If total assets increased $151,747 during the year and total liabilities decreased $76,550, what is the ...
Purchase this Solution
Free BrainMass Quizzes
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Basics of corporate finance
These questions will test you on your knowledge of finance.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Introduction to Finance
This quiz test introductory finance topics.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce