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the questions with accuracy........ 1. If total liabilities decreased by $25,600 and stockholders' equity increased by $4,700 during a period of time, then total assets

the questions with accuracy........

1. If total liabilities decreased by $25,600 and stockholders' equity increased by $4,700 during a period of time, then total assets must change by what amount and direction during the same time period?

A. $30,300 decrease.B. $20,900 decrease.C. $30,300 increase.D. $20,900 increase.

2. Assets totaled $26,050 and liabilities totaled $8,680 at the beginning of the year. During the year, assets decreased by $3,680 and liabilities increased by $2,980.

What is the amount of the change in stockholders' equity during the year?

A. $6,660 decreaseB .$910 increaseC. $700 decreaseD. $6,110 increase

3. Accounts Payable had a balance of $18,340 at the beginning of the month. During the month, three debits in the amounts of $4,560, $11,160, and $14,660 were posted to Accounts Payable, and three credits in the amounts of $3,740, $9,640, and $12,840 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account?

A.$48,720.B. $22,500.C. $14,180.D. $4,160

4.A company reported the following information at December 31, Year 1:

Accounts payable $ 4,560
Accounts receivable $ 9,410
Cash $ 24,090
Common Stock $ 90,600
Equipment $ 50,100
Inventory $ 31,800
Notes Payable due December 31, Year 3 $ 2,560
Retained Earnings, December 31, Year 1 $ 14,150
Wages payable $ 3,530

2.00 points Required information What is the amount of current assets on the classified balance sheet? A. $24,090 B. $38,240 C. $115,400 D. $65,3005.What is the amount of current liabilities on the classified balance sheet? A. $4,560 B. $10,650 C. $7,120 D. $8,090

6. A company's trial balance included the following account balances:

Accounts payable $19,307
Accounts receivable 81,436
Cash 73,424
Income tax payable 3,612
Inventories 25,916
Note payable, due in two years 1,809
Equipment 55,128
Stockholders' equity 203,808
Supplies 5,612
Wages payable 12,980

A. $4,560 B. $10,650 C. $7,120 D. $8,090

7.What is the amount of Total Assets on the Balance Sheet? A. $235,904 B. $445,324 C. $260,823 D. $241,516

8. What is the amount of Total Liabilities on the Balance Sheet? A. $241,516 B. $63,624 C. $37,708 D. $119,144

9.The Sweet Smell of Success Fragrance Company borrowed $60,000 from the bank to be paid back in five years and used all of the money to purchase land for a new store. Sweet Smell's balance sheet would show this as:

A. $60,000 under Land and $60,000 under Notes Payable (long-term). B. $60,000 under Depreciation Expense and $60,000 under Notes Payable (long-term). C. $60,000 under Land and $60,000 under Notes Receivable (long-term). D. $60,000 under Other Assets and $60,000 under Other Liabilities.

10.Which account is affected by recording the buying of goods on credit? A. Cash B. Retained Earnings C. Common Stock D. Accounts Payable

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