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QUESTION 1 1 points A - Which of the following statements is NOT correct? A . A table was an asset for the person who
QUESTION
points
A Which of the following statements is NOT correct?
A A table was an asset for the person who sold it on ebay.
B The purchase of a durable good is a reallocation of assets for the buyer.
C The rent paid by the tenant to the landlord is an income for the landlord.
D A share is equity for the investor in share.
E A bank deposit is a liability for the bank.
QUESTION
points
A When BHP a mining company, buys back its own shares with its transactional bank account,
A its liabilities decrease
B its accumulated profit increases if the price of the share has decreased since the issue of the shares
C it reallocates its assets
D its shares on issue increase
E its balance sheet expands
QUESTION
points
A At maturity date, a borrower repays in full the principal of a $ loan and pays $ interest.
Which of the following statements is NOT correct?
A Their assets decrease by $
B Their bank deposits decrease by $
C Their debt decreases by $
D Their equity decreases by $
E Their total asset shrinks.
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