Investment of land by owner
a) Increase assets, increase liabilities
b) Increase liabilities, decrease owner's equity
c) Increase assets, increase owner's equity
d) No effect
e) Decrease assets, decrease liabilities
f) Decrease assets, decrease owner's equity
Answer: c) Increase assets, increase owner's equity
Business
You might also like to view...
Kind and level of required skills
(a) has less than $25 million in annual sales (b) refines crude oil into various chemicals (c) employs researchers in high demand (d) provides food and lodging services (e) all employees received an annual bonus averaging $20,000
Business
Which of the following is a strength of a corporation?
A) low taxes B) limited liability C) low organization costs D) less government regulation
Business