Liabilities reduce equity (one answer) Which two of the following are not an asset? (two answers) The Statement of Cash Flows can tell which part of a business is profitable (one answer) What is the share price of a public corporation relevant for? (one best answer) Kleve Combine Harvester recorded journal entries for the payment of 200,000 of dividends, an additional 360,000 in accounts receivable for products sold, and the purchase of equipment for 120,000. What is the net effect these entries have on the owners' equity? Which two statements best characterize the nature of corporate bonds? True False Only true for loss-making businesses Only true for profitable businesses None of the above Loans payable Real estate Accounts receivable True False Depreciation Customer deposits Depends on the legal type of the business Only true for profitable businesses None of the above Nothing Analysis of future earnings potential Equity financing The personal wealth of the founders The total value of the balance sheet The corporation's growth potential Accrued revenue Deferred expenses Please record the increase or decrease in 1000 (leave out the last three zeroes) They are usually replacing short term loans They cannot be traded They can be freely traded The majority must be bought by the state The majority must not be bought by the state They cover long-term financing needs