0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is there a formula that will help figure net income from assets liabilities owner withdrawals and owner investment?
40,000.00 Assets 26,500.00 Liabilities 1,400.00 Owners Investments 2,000.00 Owners Cash Withdrawals
Which of the following accounts are temporary accounts that must be closed at the end of the year?
Assets, liabilities and capital Revenues, expenses and withdrawals
Is accumulated depreciation a real or temporary account and why?
It's a real account. Easy way to remember it is by remembering the accounting formula. Assets= Liabilities+ Capital- Withdrawals+ Revenue- Expenses Withdrawals, Revenue and Expenses are temporary and get closed at the end of the accounting cycle. Since Accumulated Depreciation falls under the Assets account and is a contra asset
If current liabilities are 7714 and total liabilities are 18187 what is the ratio of current liabilities to total liabilities?
Current Liabilities to Total Liabilities Ratio = Current Liabilities / Total Liabilities Current Liabilities to Total Liabilities Ratio = 7714 / 18187 Current Liabilities to Total Liabilities Ratio = 0.42 or 42%
What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
Is there a formula that will help figure net income from assets liabilities owner withdrawals and owner investment?
40,000.00 Assets 26,500.00 Liabilities 1,400.00 Owners Investments 2,000.00 Owners Cash Withdrawals
Which of the following accounts are temporary accounts that must be closed at the end of the year?
Assets, liabilities and capital Revenues, expenses and withdrawals
What are some examples of owner's equity?
Owner's equity shows the owners investments minus their withdrawals from the business. Basically it is the assets minus the liabilities.
Is accumulated depreciation a real or temporary account and why?
It's a real account. Easy way to remember it is by remembering the accounting formula. Assets= Liabilities+ Capital- Withdrawals+ Revenue- Expenses Withdrawals, Revenue and Expenses are temporary and get closed at the end of the accounting cycle. Since Accumulated Depreciation falls under the Assets account and is a contra asset
If current liabilities are 7714 and total liabilities are 18187 what is the ratio of current liabilities to total liabilities?
Current Liabilities to Total Liabilities Ratio = Current Liabilities / Total Liabilities Current Liabilities to Total Liabilities Ratio = 7714 / 18187 Current Liabilities to Total Liabilities Ratio = 0.42 or 42%
Can you have withdrawals from terbutaline?
withdrawals from terbutaline is possible
Difference between withdrawals and injection?
withdrawals
What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
Will withdrawals from IRA effect ui?
Will withdrawals from IRA effect ui in Texas
Two common subgroups for liabilities on a classified balance sheet are?
current liabilities and long term liabilities
Do Debts owed by a business are referred to as?
Liabilities Liabilities
Is accrued expenses payable is an asset or liabilities?
Liabilities
