Equity is a source of a business's assets, but liabilities are not.
Answer the following statement true (T) or false (F)
False
This is false. Equity, both from investors and from earnings, as well as liabilities, are sources of a business's assets.
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In a contract involving a minor, whether an item can be considered "necessary":
A. depends on the minor's station in life. B. doesn't depend on the minor's age. C. doesn't depend on personal circumstances. D. depends on what the adult signed for.
A collaborative relationship between two firms is a kind of strategic alliance, which is simply a commercial agreement between two (or more) parties to work together in some mutually defined ways
Indicate whether the statement is true or false
Observe the two-lane option of a McDonald’s drive-through service.Create a storyboard that prototypes this service.
What will be an ideal response?
Refer to the following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover for Year 2. Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. 8.94. B. 8.62. C. 7.90. D. 5.78. E. 8.28.