If assets increased by R 5 , 0 0 0 and owner 's equity increased by R 1 , 0 0 0 during the accounting period, then the liabilities must have A Increased by R 6 , 0 0 0 B Increased by R 4 , 0 0 0 C Decreased by R 4 , 0 0 0 D Decreased by R 6 , 0 0 0

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 09, 2024

If assets increased by R 5 , 0 0 0 and owner's equity increased by R 1 , 0 0 0 during the accounting period,

If assets increased by R

5, 000

and owner\'s equity increased by R

1, 000

during the accounting period, then the liabilities must have:

.

Increased by R

6, 000 .

.

Increased by R

4, 000 .

.

Decreased by R

4, 000 .

.

Decreased by R

6, 000 .

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To determine the change in liabilities based on the given information we can refer to the fundam... 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

Step: 3

Document Format ( 2 attachments)

6642a3aa43eca_977127.pdf

180 KBs PDF File

6642a3aa43eca_977127.docx

120 KBs Word File

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

Linear Algebra A Modern Introduction

Authors: David Poole

3rd edition

9781133169574 , 978-0538735452

More Books

Students also viewed these Accounting questions

Question

★★★★★

According to Adam Smith, the "invisible hand" of the economy leaves no room for government to improve upon the market's outcomes. Using the model of Aggregate Supply and Demand, how can we argue that...

Answered: 1 week ago

Question

★★★★★

Q1: PDF Suppose we make parts on a production line and measure the amount Y by which the weight of the part differs from the target weight. From experience, we know that the distribution of Y is...

Answered: 1 week ago

Question

★★★★★

Females account for 65% of sales at a major retailer. Assume the probability of a customer being female is .65. The probability that a purchase made by a female exceeds $100 is .32 and the...

Answered: 1 week ago

Question

★★★★★

If a particular glucose fermentation process is 87.0% efficient, how many grams of glucose would be required for the production of 51.0 g of ethyl alcohol (C 2 H 5 OH)? C 6 H 12 O 6 2C 2 H 5 OH +...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials .......$1.67 Direct labor........ 0.56 Variable overhead ..........

Answered: 1 week ago

Question

★★★★★

Compute the values of the least squares estimates of ????0 and ????1 and report the equation of the least squares regression line when (a) ???? = 0.85, ???? = 25.2, ???? = 56.3, ???????? = 6.8, and...

Answered: 1 week ago

Question

★★★★★

Sam Shiatsu is a self-employed massage therapist and is the brother-in-law of a partner in the CPA firm where you work. During tax year 2008, Sam worked as an assistant supervisor and clinician for...

Answered: 1 week ago

Question

★★★★★

Spiller Corporation plans to issue 8%, 5-year, $550,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated January 1 of the current year and are...

Answered: 1 week ago

Question

★★★★★

Coca-Cola Revenues ($ millions), 2014 to 2019 Quarter 2014 2015 2016 2017 2018 2019 Quarter1 10.58 10.71 10.28 9.12 7.63 8.02 Quarter2 12.57 12.16 11.54 9.70 9.42 10.00 Quarter3 11.98 11.43 10.63...

Answered: 1 week ago

Question

★★★★★

Amelie is setting up in business importing French cheeses. She could open up a small shop, a large outlet, or no shop at all if she decides to sell online only (which she won't be able to do for...

Answered: 1 week ago

Question

★★★★★

Describe the wicked problem in detail - when did it become an issue for the organization; which aspects of the problem are you most concerned about; who is affected; etc. Your Initial thought about...

Answered: 1 week ago

Question

★★★★★

This is a "critical thinking" Partnership project. Perform some Internet research and read about the Diffusion of Innovation (Rogers, 1962) and the 5 types of Human Adopter Groups that must be...

Answered: 1 week ago

Question

★★★★★

Based on the WCDM screen, how can we compare Italy and Japan in terms of overall default risk on their debt? Japan has over 3x the total debt of Italy, and a worse credit rating, so its credit...

Answered: 1 week ago

Question

★★★★★

Briefly explain Feeding America (an organization) Operational Model Based on the various operational models (e.g., entrepreneurial support model, market intermediary model, market linkage model,...

Answered: 1 week ago

Question

★★★★★

Talent Inc. is considering a project that has the following cash flow and WACC data. WACC: 7% Year 0 1 2 3 Cash flows -$1,600 $500 $600 $700 (1) What is the project's NPV? (2) What is the project's...

Answered: 1 week ago

Question

★★★★★

What impact has the Internet had on the globalization of small firms? How do you think small companies will use the Internet for business in the future?

Answered: 1 week ago

Question

★★★★★

Prove Theorem 3.5(b). b. For any matrix A, AA T and A T A are symmetric matrices.

Answered: 1 week ago

Question

★★★★★

Determine whether the given matrix is in row echelon form. If it is, state whether it is also in reduced row echelon form. determine whether the given matrix is in row echelon form. If it is, state...

Answered: 1 week ago

Question

★★★★★

Determine whether the given set, together with the specified operations of addition and scalar multiplication, is a vector space. If it is not, list all of the axioms that fail to hold. R 2 , with...

Answered: 1 week ago

Question

★★★★★

Discuss the ways in which cohesiveness and confict can be seen as opposite forces in work groups.

Answered: 1 week ago

Question

★★★★★

What is the diference between team training and team building?

Answered: 1 week ago

Question

★★★★★

Recall some instances in which you observed power used in a work or social group. Which power bases were used in each case? How efective were they in infuencing others behavior?

Answered: 1 week ago

Previous Question Next Question