accounting 1000

1. The cost constraint rusures that a. that information costs less than bigpri. b. the value of Information provided is less than the cost of providing it. c. the value of information provided is greater than the cost of providing it. d dul informus ism cords man In budget. a the number of accounts to be debited must equal the number of accounts to be credited b. there must always be entries made on both sides of the accounting equation. t. do arnaud of the debits nord myud the anuant of the credits. 1 dear met only by two accounts affected by aary transaction. & Which our of dur following statements is fulse ? a The basic accounting equation does not subdivide liabilities into two categories: claims of creditors and claims of the Canada Revenue Agency. b. The accounting equation can be expressed as Assets - Shareholders' Equity = Liabilities. t. If the assets owned by a business total $100,000 and liabilities total $52,000, shareholders' expity must total $48,000. d. The accounting equation can be expressed as: Assets | Liabilities - Shareholders" Equity. 4. If total liabilities decreased by $134,000 dining a period of time and sbureholders" equity increased period's change a total assets is a(a) a. $11,000 dermar. It 5.11,000 INTrue. c. $134,000 mcease. d. 5103,000 increase. 5. The Swith Comquny prov sled services to a neduet for 52,700 rush. What h of the folkmind SLIMETES meand to this trans tiun at Like! a Total assets would increase. b. Retained earnings would not be affected C. Total liabilities would not be attected d Cash flow from operating a tivities would laciname