If equity is RM300,000 and liabilities are RM192,000, then assets equal: 00 Select one: a. RM492,000. O O O b. RM300,000. c. RM108,000. d. RM792,000. 0 0 e. RM192,000. If the liabilities of a company increased RM74,000 during a period of time and equity in the company decreased RM19,000 during the same period, what was the effect on the assets? Select one: O a. Assets would have decreased RM19,000. O b. None of these. O C. Assets would have increased RM19,000. o d. Assets would have decreased RM55,000. O e. Assets would have increased RM55,000. If a company paid RM38,000 of its accounts payable in cash, what was the effect on the assets, liabilities, and equity? Select one: O a. Assets would decrease RM38,000, liabilities would decrease RM38,000, and equity would increase RM38,000. o b. None of these. O O C. Assets would decrease RM38,000, liabilities would decrease RM38,000, and equity would not change. d. Assets would decrease RM38,000, liabilities would decrease RM38,000, and equity would decrease RM38,000. e. There would be no effect on the accounts because the accounts are affected by the same amount. o Kilat Enterprise has beginning equity of RM257,000, net income of RM51,000, drawings of RM40,000 and investments by owners of RM6,000. Its ending equity is: Select one: a. RM240,000. 0 0 O b. RM274,000. c. RM208,000. O O O d. RM268,000. e. RM223,000