Student name\ anser the que:tion.\ If equyy is

$300,000

and liabilities are

$102,000

, then assets equal:\ A)

$108,000

\ n)

$192,000

\ c) 5300,000 .\ D)

$492,000

.\ r)

$792,000

.\ A company is considering purchasing a parcel of land that was originally a seller for

$85,000

. While the land is currently offered for sale at

$150,000

, the purchaser as casily being worth

$140,000

, and is finally purchased for should be recorded in the purchaser's books at:\ A)

$95,000

.\ B)

$137,000

.\ C)

$138,500

.\ D)

$140,000

.\ E)

$150,000

.\ The rule that requires revenue to be recognized when (1) goods or service customers and (2) at the amount expected to be received from the custom\ A) Going-concern assumption.\ B) Measurement (Cost) principle.\ C) Revenue recognition principle.\ D) Objectivity principle.\ E) Business entity assumption.\ hich of the following accounting principles require that all goods and s recorded at actual cost?\ A) Going-concern assumption.\ Expense recognition (Matching) principle.\ Measurement (Cost) principle.\ Business entity assumption.\ Consideration assumption.

Student name: MULTIFIE ClIOICE - Choose the one alternative that beat completes the answers the question. 1) If equyy is $300,000 and Habilities are $192,000, then assets equal: (1) $108,000. n) 5192,000 . c) $300,000. D) $492,000. ) $792,000. 2) A company is considering purchasing a parcel of land that was originally a seller for \$85,000. While the land is currently offered for sale at $150,000, the purchaser as casily being worth $140,000, and is finally purchased for should be recorded in the purchaser's books at: A) $95,000. B) $137,000. C) $138,500. D) $140,000. E) $150,000. The rule that requires revenue to be recognized when (1) goods or service customers and (2) at the amount expected to be received from the custom A) Going-concern assumption. B) Measurement (Cost) principle. C) Revenue recognition principle. D) Objectivity principle. E) Business entity assumption. hich of the following accounting principles require that all goods and recorded at actual cost? 4) Going-concern assumption. Expense recognition (Matching) principle. Measurement (Cost) principle. Business entity assumption. Consideration assumption. Student name: MULTIFIE ClIOICE - Choose the one alternative that beat completes the answers the question. 1) If equyy is $300,000 and Habilities are $192,000, then assets equal: (1) $108,000. n) 5192,000 . c) $300,000. D) $492,000. ) $792,000. 2) A company is considering purchasing a parcel of land that was originally a seller for \$85,000. While the land is currently offered for sale at $150,000, the purchaser as casily being worth $140,000, and is finally purchased for should be recorded in the purchaser's books at: A) $95,000. B) $137,000. C) $138,500. D) $140,000. E) $150,000. The rule that requires revenue to be recognized when (1) goods or service customers and (2) at the amount expected to be received from the custom A) Going-concern assumption. B) Measurement (Cost) principle. C) Revenue recognition principle. D) Objectivity principle. E) Business entity assumption. hich of the following accounting principles require that all goods and recorded at actual cost? 4) Going-concern assumption. Expense recognition (Matching) principle. Measurement (Cost) principle. Business entity assumption. Consideration assumption