Question
1.Working capital 100,000, non-current assets 400,000, long-term liabilities 200,000. Equity is A No enough information to calculate B 400,000 C 300,000 D 200,000 E 100,000
1.Working capital 100,000, non-current assets 400,000, long-term liabilities 200,000.
Equity is
A No enough information to calculate
B 400,000
C 300,000
D 200,000
E 100,000
2.
If a business receives cash from a bank loan, which of the following is true?
A Assets decrease; liabilities increase
B Assets increase; liabilities increase
C Assets decrease; liabilities decease
D Assets increase; liabilities decrease
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
