[Solved] The assets of a business total $20,000; t

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

The assets of a business total $20,000; the liabilities, $8,000. The claims of the owners are Select one: O A. $0 O B. $8,000 O

The assets of a business total $20,000; the liabilities, $8,000. The claims of the owners are Select one: O A. $0 O B. $8,000 O C. $12,000 O D. $28,000 O E. $20,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Audit Standard Requirements

Authors: Gerardus Blokdyk

1st Edition

ISBN: 0655170898, 978-0655170891

More Books

Students also viewed these Accounting questions

Question

★★★★★

Many people in Europe object to purchasing genetically modified food that is produced by farmers in the United States. The U.S. farmers argue that there is no scientific evidence to conclude that...

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress Theledger of Herrera, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. An analysis of the accounts shows the following 1....

Answered: 1 week ago

Question

★★★★★

10.95 Repair Costs Car manufacturers try to design the bumpers of their automobiles to prevent costly damage in parking-lot type accidents. To compare two models of automobiles, the cars were...

Answered: 1 week ago

Question

★★★★★

Assume that the only precedents relating to a particular issue are as follows: Tax Courtdecided for the taxpayer Eighth Circuit Court of Appealsdecided for the taxpayer (affirming the Tax Court) U.S....

Answered: 1 week ago

Question

★★★★★

2. An enhanced for statement loops through an array. The syntax is for ( parameter : arrayName ) statement 3. How would you use a regular for statement to replace an enhanced one? Draw the activity...

Answered: 1 week ago

Question

★★★★★

Seve EKIE Suban 7 Check my work The risk-free rate of return is 10.5%, the expected rate of return on the market portfolio is 17%, and the stock of Xyrong Corporation has a beta coefficient of 15....

Answered: 1 week ago

Question

★★★★★

XYZ Corp. has prepared the following budget information for the second quarter: Various Operating Budget Information April May June Sales Forecast ( units of finished goods) 13,000 units 19,500 units...

Answered: 1 week ago

Question

★★★★★

Yukon territorial government entered into an agreement with HEMI to open a warehouse in Whitehorse . The agreement required the Yukon territorial government to prepay $10, 000 ,000 for future...

Answered: 1 week ago

Question

★★★★★

By recognizing the series 1+ 12n +. + +as 3! n! 12 144 1728 + + 1! 2! a Taylor series evaluated at a particular value of x, find the sum of the series. NOTE: Enter the exact answer or round to three...

Answered: 1 week ago

Question

★★★★★

A river where drinking water is taken is feared to have been polluted by coliform bacteria In order to investigate this, we take a sample tube of water at n randomly selected sites from the river...

Answered: 1 week ago

Question

★★★★★

(a) Prove that the equation has at least one real solution. (b) Use a calculator to find an interval of length 0.01 that contains a solution. 59. cos x = x3 60. x5x2 + 2x + 3 = 0 61-62 (a) Prove that...

Answered: 1 week ago

Question

★★★★★

Brett Geiger of the human resources department has received complaints from several managers during the past few months about employees surfing the Internet, answering personal e-mail, shopping...

Answered: 1 week ago

Question

★★★★★

Explain why the following paragraph would be ineffective in closing a persuasive request message. Rewrite the paragraph to be more effective. (Objective 4) If you are willing to participate in the...

Answered: 1 week ago

Question

★★★★★

What are the purposes of collection messages? (Objective 5)

Answered: 1 week ago

Previous Question Next Question