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I NEED THE ANSWERS IMMEDIATELY, TIME IS LIMITED PLEASE!!! Section II: Multiple Choice (4 points each) 11.) The effect on assets when dividends are disbursed
I NEED THE ANSWERS IMMEDIATELY, TIME IS LIMITED PLEASE!!!
Section II: Multiple Choice (4 points each) 11.) The effect on assets when dividends are disbursed to investors is: (a.) an increase in assets (b.) no change in assets (c.) a decrease in assets (d) not enough information to know if it is an increase or decrease in assets (e.) none of the above 12.) At year end, company Specs in the City (a fictional glasses store) has total assets of $11,800 and total equity of $5,700. Total liabilities are: (a.) $5.700 (b.) $6,100 (c.) $11,800 (d) $17,500 (e.) none of the above 13.) At year end, Henry David Tour-o (a fictional tour guide company) has total assets of $64,000 and total liabilities of $34,000. Total equity is: (a.) $24,000 (b.) $30,000 (c.) $34.000 (d.) $98,000 (e.) none of the above 14.) At year end, Frying Nemo (a fictional restaurant) has total liabilities of $22,200 and total equity of $40,300. Total assets are: (a.) $18.100 (b.) $22,200 (c.) $40,300 (d) $62,500 (e.) none of the above 15.) A company's capital as of January 1, 2018 was $10,000. During the year, the net income was $18,000 and the owner withdrew $5,000. How much is the capital as of December 31, 2018? (a.) $5,000 (b.) $10,000 (c.) $15.000 (d) $18,000 (e.) none of the above TStep by Step Solution
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