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Hi, I want the answer for this questions please Paying an account payable increases liability and decreases assets. Select one: True O False Which one
Hi, I want the answer for this questions please
Paying an account payable increases liability and decreases assets. Select one: True O False Which one of the accounts bellow would increase equity? a. Assets, expenses, and retained earnings b. Assets, expenses, and revenues C. Assets, dividends, and expenses O d. Revenues, Investments, and retained earnings All the following are considered financing activities, except: a. Borrowing money from a creditor b. Paying dividend C. Paying Back a loan to a bank O d. Purchasing goods on credit What do you calculate when you subtracting net income from dividends? O a. Net Income O b. Share Capital Oc. The accounting equation O d. Retained Earnings Expenses are assets that are used up during the process of earning revenue. Select one: True False Noora wants to determine if she should include her salary personal income as part of her business revenues. O a. Historical cost principle O b. Stable-monetary-unit assumption Faithful Representation O d. Entity assumption C. Cash collected from customers appears on the statement of cash flows among the: O a. Stockholders' equity O b. Investing activities Oc Operating activities O d. Financing activities Accounting information users need reports about the economic activities and condition businesses Select one: True False Inflation has been 4% for some time. Noora Inc. is considering measuring her building values in inflation-adjusted amounts.? a. Historical cost principle O b. Entity assumption Faithful Representation O d. Stable-monetary-unit assumption Financing Activities comes from both equity owners and borrowings. Select one: O True O FalseStep by Step Solution
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