FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Alpha had a transaction that caused a 1,000 increase in both total assets and stockholders equity. The transaction could have been which of the following?

Alpha had a transaction that caused a 1,000 increase in both total assets and stockholders equity. The transaction could have been which of the following?

  1. The receipt of 1,000 from a customer before is earned
  2. The receipt of a 1,000 loan from the bank
  3. The correct answer is not listed
  4. A 1,000 credit sale to a customer

I need the explanation too please

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting
Accounting

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

19th Edition

0538869720, 978-0538869720

More Books

Students explore these related Accounting questions

Question

Given the circuit shown in Fig. 19-36, use the words increase, decrease, or stays the same to complete the following statement: (a) If R7 increases, the potential difference between A and E____....

Answered: 3 weeks ago

Question

Use the given graphs of f and g to evaluate each expression, or explain why it is undefined. (a) f(g(2)) (b) g(f(0)) (c) (f o g) (0) (d) (g o f) (6) (e) (g o g) (-2) (f) (f o f) (4) 2. 2.

Answered: 3 weeks ago

Question

There are three machines, all of which are needed for a system to work. Machine i functions for an exponential time with rate i before it fails, i = 1, 2, 3. When a machine fails, the system is shut...

Answered: 3 weeks ago

Question

Hemal Thomas is an employee in British Columbia. The net pay calculation is for the first biweekly pay of 2019. The employee is 32 years old and in this pay is entitled to 70 hours' regular pay at...

Answered: 3 weeks ago

Question

Which of the following are advantages of owning bonds? I. diversification properties II. Higher long-term returns than equity holdings III. Current income IV. Relatively low risk A) I and II only B)...

Answered: 3 weeks ago

Question

What is Logistics and its importance in supply chain management?

Answered: 3 weeks ago

Question

Question 2 There have been some misinterpretations on the similarities and differences of the concepts; management, leadership and administration. Compare and contrast leadership, management and...

Answered: 3 weeks ago

Question

You are trying to select between four online Help Desk plans from the Geek Squad. The Black Belt plan costs $29.95 / month plus $1 / online response, the Brown Belt plan costs $19.95 / month plus $3...

Answered: 3 weeks ago

Question

Banana plc is a new firm planning to have an Initial Public Offering prior to the launch of the second-generation iPhone. Four analysts are trying to determine a price for Banana plc shares, but they...

Answered: 3 weeks ago

Question

Consider the following securities. They all have the same face value, annual coupon rate and frequency of coupon payments per year. Which one of these would you expect to pay the lowest price at...

Answered: 3 weeks ago

Question

As an employee of a large international courier and shipping service, Bill Wiley met with many companies that shipped and received packages almost every day. He was frequently asked if his company...

Answered: 3 weeks ago

Question

3 What are the relative advantages of facetoface communications (such as team briefings) and remote communications (such as intranets)?

Answered: 3 weeks ago

Question

4 How can employee involvement be achieved?

Answered: 3 weeks ago

Question

To what extent do you think companies should take care of the whole person rather than focusing only on employees welfare to the extent that this is necessary because of legislation? Presenteeism...

Answered: 3 weeks ago

Previous Question Next Question