题目内容

If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have: ()

A. Decreased $105,000.
B. Decreased $45,000.
C. Increased $30,000.
D. Increased $45,000.

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Photometer Company paid off $30,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?()

Assets, $30,000 increase; liabilities, no effect; equity, $30,000 increase.
B. Assets, $30,000 decrease; liabilities, $30,000 decrease; equity, no effect.
C. Assets, $30,000 decrease; liabilities, $30,000 increase; equity, no effect.
D. Assets, no effect; liabilities, $30,000 decrease; equity, $30,000 increase.

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If equity is $300,000 and liabilities are $192,000, then assets equal: ()

A. $108,000.
B. $192,000.
C. $300,000.
D. $492,000.

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Due to electronic files and Web communications, source documents are no longer required. ()

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Posting is the transfer of ledger information to the journal. ()

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If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have: ()

A. Decreased $105,000. B. Decreased $45,000. C. Increased $30,000. D. Increased $45,000.

Photometer Company paid off $30,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?()

If equity is $300,000 and liabilities are $192,000, then assets equal: ()

Due to electronic files and Web communications, source documents are no longer required. ()

Posting is the transfer of ledger information to the journal. ()

A. Decreased $105,000.
B. Decreased $45,000.
C. Increased $30,000.
D. Increased $45,000.