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Yankee Stores of Maine experienced an increase in total assets of 14000 during the current year. During the same time period total liabilities increased 2000. Shareholders made no investments during t?
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Are Liability accounts are increased by debits?
No Liabilities will not be increased they will be decreased by debits
How do you calculate owner equity when assets increase by 150000 and liabilities increased by 90000?
In financial accounting, Assets always equal the sum of your liabilities and equity. Therefore, if your assets increase by $150k and liabilities increased by $90k, your owners equity must have increased by $60k.
If total liabilities increased by 5000 then?
stockholder's equity must have increased by 5,000
What was the result of president Taft dollars diplomacy?
The result of President Taft's dollar diplomacy was that American investments in Latin America increased.
What is increased when equipment is purchased on credit?
Increase in Assets & increase in Liabilities
How did embracing of pan-africanism change the lives of black?
they experienced an increased sense of self-respect
How did embracing of Pan-Africanism change the lives of black Africans?
They Experienced an increased sense of self-respect <- Novanet
If total assets increased 150000 during the year and total liabilities decreased 80000 what is the amount of stockholders' equity at the end of the year?
If total assets increased 150000 during the year and total liabilities decreased 80000 what is the amount of stockholders' equity at the end of the year?
What was the result of president tafts's dollar diplomacy?
American investments in Latin America increased.
How was president Taft's dollar diplomacy both similar to and different from the approach to foreign policy taken by Theodore roosevelt?
American investments in Latin America increased
If total liabilities increased y 4000 then?
Assets increase by $4,000.00 Owner's Equity must decrease by $4,000.00
Zion Company has assets of 600000 liabilities of 250000 and equity of 350000 It buys office equipment on credit for 75000 What would be the effects of this transaction on the accounting eq?
Before Purchase:Assets 600,000Liabilities 250,000Equity 350,000Total L&E 600,000Assets are debited (increased) by 75,000 from the purchase of the equipment. Accounts payable, a liability, is credited (increased) by 75,000. Assets are increased, Liabilities, are increased, Equity remains the same.After Purchase:Assets 675,000Liabilities 325,000Equity 350,000Total L&E 675,000
