16. Which account increases equity? 17. A contra asset account has what type of balance? 18. These are economic resources with the ability or potential to provide future benefits? 19 When revenue is greater than expenses, you have a _? 20 Assets - Liabilities = 21 This statement reports the net cash flows relating to operating, investing, and financing activities for a period of time? 22. The amount of cash paid in acquiring an asset is called what? 23. Which is an example of an intangible asset? 24.A__lists each of the accounts in the general ledger with its balance as of a particular date. What is it? 25. If an asset and/or expense account is debited it is: 26. An Asset is: 27. What are the rules and regulations that must be followed when reporting all financial data? 28. The book that contains every single transaction that has occurred in a business and is recorded in chronological order is called a 29. A business has the following items in it: Land K100,000, Machinery K20,000 Cash 10,000, Liability K3,500. The Owner's Capital is 30. A business has the following items in it Land k1,500,000, Machinery K80,000, Cash K20,000, Owners equity K900,000, Loan K500,000. The value of the creditors is