Finanzas ComercialesPregunta 1139 de 1632
The fundamental accounting equation is:
a.Owner's Equity = Assets + Liabilities
b.Assets = Revenue - Expenses
c.Assets = Liabilities + Owner's Equity
d.Revenue = Assets + Liabilities
Explicación
Assets = Liabilities + Owner's Equity is the foundation of the balance sheet. Everything the company owns is financed either by what it owes (liabilities) or by the owner's investment and retained earnings (equity).
Practica las 1632 preguntas gratis — sin registro.
Own the complete CSLB Law & Business guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- The current ratio is calculated as:
- A contractor has current assets of $200,000 and current liabilities of $80,000. What is his current ratio?
- Which financial statement reports a company's assets, liabilities, and owner's equity at a single point in time?
- A contractor's balance sheet shows total assets of $500,000 and total liabilities of $320,000. What is the owner's equity?
- Which statement summarizes revenues and expenses over a PERIOD of time to show profit or loss?
- A quick ratio (acid-test) differs from the current ratio because the quick ratio:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)