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Question 4S (1 point) As of the date of its Statement of Financial Position, the liabilities of a company are $170,000, its total assets are

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Question 4S (1 point) As of the date of its Statement of Financial Position, the liabilities of a company are $170,000, its total assets are $250,000 and its retained eamings are $50,000. What value would it report for Share Capital on this statement? $80,000 O $30,000 $130,000 We cannot determine from just this information Question 46 (1 point) What is the correct journal entry to record the moholly insurance expense of $400 against the prepaid insurance asset? Dr. Prepaid Insurance $400: Cr. Cash $400 Dr. Prepaid Insurance $400: Cr. Insurance Expense $400 Dr. Insurance Expense $400: Cr. Prepaid Insurance $400 Dr. Insurance Expense $400: Cr. Cash 5400 Question 47 (1 point) Accounts that increase with the debit side of a journal entry Assets. Expenses. Dividends Declared Assets. Revenues and Retained Earrings Liabilities. Revenues, Retained Earnings Expenses, Liabilities. Retained Earnings 10

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