The equity of a corporation has two components: which of the following answers best describes the two components of the equity of a corporation.

ACommon Stock (Capital Stock) and LiabilitiesBNone of the answer selections are correctCRevenues and expensesDCommon Stock (Capital Stock) and Retained EarningsEAssets and LiabilitiesFAccounts payables and Cash

How would you increase an asset account.

A.Debit.B.Credit.C.None of the answer selections are correct.

A debit means that an account has been decreased.

A.TrueB.FalseC.None of the answer selections are correct

The best definition of assets is the:

ACash owned by the company.BOwners investment in the business.CNone of the answer selections are correct.DCost of doing business.EResources owned and used by the entity to generate revenue.

If A specific assets total value increased by $4,000, then.

A.None of the answer selections are correct.B.Total Stockholders equity must have increased by $4,000.C.A second asset must have decreased by $4,000.D.Either a Stockholders Equity account decreased by $4,000, Accounts Payable increased by $4,000, or Revenue decreased by $4,000.E.Either a Stockholders Equity account increased by $4,000, Accounts Payable decreased by $4,000, or Revenue decreased by $4,000.F.Either Total Stockholders Equity must have increased by $4,000, or Total Liabilities increased by $4,000 or Total Revenue must have increased by $4,000 or Either a Second Asset or Total Expenses must have decreased by $4,000