9.If the total liabilities of Los Altos Company are $37,000and the owners equity is $22,000, then total asset must be

a.$15,000

b. $22,000

c. $59,000

d. $37,000

10.Humbolt Square Bakery has a total debt of $25,000 and an owners equity of $50,000. If assets increase by $20,000 and liabilities increase by $15,000, what is the final balance of the owners equity?

a.$50,000

b. $40,000

c. $55,000

d. none of the above

11.Stage 3 of the accounting process, communicate information includes

a.Preparing and interpreting financial reports

b. Recording transaction

c.Analyzing the event.

d.All of the above.