Answer the following statements true (T) or false (F)
1. Assets are the resources a company owns or controls that are expected to yield future
benefits.
2. Dividends paid to stockholders are subtracted in the calculation of net income, as expenses.
3. The accounting equation can be restated as: Assets – Equity = Liabilities.
4. The accounting equation implies that: Assets + Liabilities = Equity.
5.Stockholder investments are increases in equity from a company's earnings activities.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. FALSE
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Hedonism is the natural craving for balance in one's life
Indicate whether the statement is true or false
Pointe Corporation's balance sheet showed the following amounts for its liability accounts: Notes payable, $130,000; Bonds Payable, $800,000; Accrued Expenses, $20,000; and Deferred Income Tax Liability, $120,000. Total assets was $1,470,000. The debt to assets ratio is:
A) 0.27 B) 1.37 C) 0.65 D) 0.73
______ require the firm to project its aggregate demand from the present to several years in the future.
a. Intermediate-term demand planning decisions b. Long-term demand planning decisions c. Short-term demand planning decisions d. Immediate demand planning decisions
A company had sales of $354,000 and cost of goods sold of $202,000. Its gross profit equals $152,000.
Answer the following statement true (T) or false (F)