An investment by the shareholders in a company increases
A) assets and shareholders' equity.
B) assets and liabilities.
C) liabilities and shareholders' equity.
D) assets only.
Correct Answer:
Verified
Q45: Shareholders' equity is increased by
A)dividends declared.
B)revenues.
C)expenses.
D)liabilities.
Q46: An expense
A)decreases assets and liabilities.
B)decreases shareholders' equity.
C)has
Q47: If services are performed on credit, then
A)assets
Q48: Recording revenue
A)increases assets and liabilities.
B)increases assets and
Q49: Which of the following items has no
Q51: A payment of a portion of accounts
Q52: If expenses are paid in cash, then
A)assets
Q53: The payment of a liability
A)decreases assets and
Q54: The purchase of an asset for cash
A)increases
Q55: If total liabilities increased by $22,500, then
A)assets
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents