Which of the below is correct about the current year balance sheet of a company that pays 25% taxes, 20% dividends and reports an EBT of TL 650,000?

a. Total assets decrease by TL 260,000

b. The owners' equity increases by TL 130,000.

c. Total assets decrease by TL 130,000

d. The owners' equity increases by TL 97,500

. e. The owners' equity increases by TL 390,000.

Which of the below is correct about the adjusting entry of a TL 100,000 time deposit invested at September 30, given that the interest rate is 18% and maturity is 1 year?

a.Total assets increase by TL 4,500.

b.Financial revenues increase by TL 13,500.

c.Total expenses increase by TL 13,500.

d.Total liabilities decrease by TL 4,500

e.Total liabilities decrease by TL 13,500.

A company sold 1,000 units of merchandise; the unit cost of sold merchandise is TL 20/unit. Which of the below is the unit sales cost if 20 units were given as “free of charge” to the customer?

a.19.91

b.19.61

c.20.61

d.19.81

e.20.81

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Answer b The owners equity increases by ... View the full answer