Question
6. Cash (or other assets) stockholders receive from the company are called a(n): A. liability B. Dividend C. Expense D. Common Stock E. Investment 9.
6. Cash (or other assets) stockholders receive from the company are called a(n):
A. liability
B. Dividend
C. Expense
D. Common Stock
E. Investment
9. Zapper has beginning equity of $263,000, net income of $54,000, dividends of $43,000 and stockholder investments of $9,000. What is its ending equity?
12. A company's balance sheet shoes: cash $33,000, accounts receivable $39,000 , equipment $68,000, and equity $81,000. What is the amount of liabilities?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Ibrahim M. Aly, Donald E. Kieso
6th Canadian Edition
1119731828, 9781119731825
