Log in
Accounting
11
answers
0
watching
252
views

When a collection is made on accounts receivable

a. Total assets will remain the same

b. stockholders' equity will increase

c. Total assets will increase

d. Total assets will decrease

 

Watch
11
answers
0
watching
252
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Joshua Stredder
Joshua StredderLv10
12 Jan 2021
Already have an account? Log in
Share

Related questions

Receiving payment of a portion of an accounts receivable will?

a. not affect the total assets.

b. increase liabilities.

c. increase stockholders' equity.

d. decrease net income.

1.A business pays off a note payable. What effect does this have on the accounting? equation? A. Assets? increase, Liabilities remain the? same, and? Stockholders' Equity increases. B. Assets? increase, Liabilities? decrease, and? Stockholders' Equity remains the same. C. Assets? decrease, Liabilities remain the? same, and? Stockholders' Equity increases. D. Assets? decrease, Liabilities? decrease, and? Stockholders' Equity remains the same

2.

If Total Assets remain the same and Total? Stockholders' Equity? increases, Liabilities? will:

A.

increase by the same amount.

B.

decrease by the same amount.

C.

increase by a different amount.

D.

remain the same.

The Income Statement is used to? report:

A.

the financial position for a specific period.

B.

results of operations for a specific date.

C.

the financial position on a specific date.

D.

results of operations for a specific period.

The Balance Sheet is used to? report:

A.

results of operations for a specific period.

B.

the financial position for a specific period.

C.

the financial position on a specific date.

D.

results of operations for a specific date.

The effect of the declaration of a cash dividend on a company's financial statements is to

a. Decrease the total liabilities and stockholders’ equity

b. Increase total expenses and total liabilities

c. Increase total assets and total stockholders’ equity

d. Decrease total assets and total stockholders’ equity

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in