Amanufacturer claims that the average tensile

Answers

  • Réponse publiée par: candace08

    Subject Economics

    No, Equipment is an example of asset. Equipment is considered an asset because it is a resources with value owned by a business or entity. Equipment is not a liability because it not the accountability of the business to pay something.

    ASSETS

    In accounting, assets are any resources with value owned by the business, company, entity or person. Assets have two categories, these are:

    Current AssetsNon-current Assets1. Current Assets

    -these are assets that can be readily convertible to cash in a normal operating cycle of a business.

    Some Examples of Current AssetsCash and cash equivalentsAccounts ExpensesMarketable Securities2. Non-current Assets

    -these are long-term assets or long-term investments that have a longer useful life that is usually more than 1 year. Not easily convertible to cash.

    Some Examples of Non-Current AssetsLandProperty, Plant and EquipmentTrademarksLong-term InvestmentsGoodwill

    All fixed assets and intangible assets fall under the category of non-current assets.

    LIABILITIES

    In accounting, liabilities are the payables or debts of a business to settle. Liabilities have two main categories:

    1. Current Liabilities

    -these are payables or debts which are short-term payables that needs to be paid or settled by the business within a year.

    Some Examples of Current LiabilitiesAccounts PayableInterest PayableIncome Tax PayableAccrued ExpensesShort-term loans2. Non-Current Liabilities

    -these are payables or obligations that are long-term liabilities that can be settle after a year or more than a year.

    Some Examples of Non-Current LiabilitiesBonds PayableLong-term Notes PayableDeferred Tax LiabilitiesMortgage Payable

    Further topics about assets and liabilities

    What is the opposite of assets

    For related topics about accounting equation

    Code: 11.11.3.7.

  • Réponse publiée par: snow01
    EFFECT OF ACCOUNTING TRANSACTION Effects of Business Transactions upon the Accounting Equation

    Accounting defined : read more on:

    A process involves the transferring of journal entries to the ledger accounts to bring together the effect of the transactions to the individual accounts of the company. read more on:

    • Increase in assets= increase in owner’s equity

    • Increase in assets= increase in liabilities

    • Increase in some forms of assets= decrease in other forms of assets

    • Decrease in assets= Decrease in owner’s equity

    • Increase in some forms of Assets= Decrease in other forms of liabilities

    • Increase in liabilities= decrease in capital

    • Decrease in assets= decrease in liabilities

    • Increase in owner’s equity= decrease in liabilities

    • Increase in owner’s equity= decrease in liabilities

    Transaction:

    •An entity buys an equipment for cash

    The equation should be :

    Equipment        

          cash                        

    Letter B

    Increase in equity, decrease in assets

    An entity will increase it's owner's equity because they buy equipment; it will decrease cash for they bought equipment in cash

    A business transaction can affect two accounts on the same side of the accounting equation and still leave the equation in balance. read more on:

  • Réponse publiée par: princessgarcia23

    Subject Economics

    The correct answer among the various given choices is letter d. Adding total liabilities to total assets results in equity is not a true statement. It should be subtracting total liabilities to total assets results in the value of equity.

    Elements of Accounting Equation

    There are 3 main categories of accounting equation that is found in the balance sheet of a company:

    AssetsLiabilitiesOwners' Equity / Shareholders Equity / Stockholders Equity

    The accounting equation formula is;

    Assets = Liabilities + Owner's Equity

    Further topics about assets and liabilities

    What is the opposite of assets

    For related topics about accounting equation

    Code:  11.11.3.8.

  • Réponse publiée par: snow01

    Higher risk is associated with greater probability of higher return and lower risk with a greater probability of smaller return. This trade off which an investor faces between risk and return while considering investment decisions is called the risk return trade off.

    Explanation:

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Amanufacturer claims that the average tensile...