If a transaction causes total assets of the company to increase by $5,000 and total liabilities to increase by $3,000, then stockholders' equity increases by $8,000.
Answer the following statement true (T) or false (F)
False
Stockholders' equity increases by $2,000.
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The accounting rate of return considers the time value of money
Indicate whether the statement is true or false
What purposes does the transmittal document serve?
What will be an ideal response?
The race among rivals for industry leadership is more likely to be a marathon rather than a sprint when
A. new industry or market segments are yet to be developed and create altogether new consumer demand. B. entry barriers are high, substitute products or services are readily available, and buyers are prone to negotiate aggressively for better terms and lower prices. C. there are nearly always big advantages to being a slow mover rather than an early mover, especially in regard to avoiding the "mistakes" of first or early movers. D. the market depends on the development of complementary products or services that are currently not available, buyers have high switching costs, and influential rivals are in position to derail the efforts of a first mover. E. fast followers find it easy to leapfrog the pioneer with even better next-generation products of their own.
A limited liability company has less legal flexibility than a corporation.
Answer the following statement true (T) or false (F)