If the effect of a transaction is that it reduced both the assets and the liabilities of
Question:
If the effect of a transaction is that it reduced both the assets and the liabilities of a business by £100,000, which of the following is that transaction likely to be:
(a) Discharge of a loan
(b) Disposal of an asset
(c) Introduction of additional capital by the owner
(d) Sale of goods
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
a Di...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
Students also viewed these Business questions
-
Ann Carter, Chief Financial Officer of Consolidated Electric Company (Con El), must make a recommendation to Con Els board of directors regarding the firms dividend policy. Con El owns two...
-
Review the concept of externalities from Chapter 5, page 148. If a market is a monopoly, will a negative externality in production always lead to production beyond the level of economic efficiency?...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Suppose a state was trying to decide whether to fund primary and secondary education with a property tax or an income tax. What implications might this choice have for land use in the state?
-
Aaron, a bicycle mechanic, is studying the mechanical advantage of the rear wheel. The rear wheels radius is 14.0 in. and the chain is currently on a gear with radius 1.65 in. (Figure). (a) If the...
-
A textile manufacturer obtained a sample of 50 bolts of cloth from a day's output. Each bolt is carefully inspected and the number of imperfections is recorded as follows: Find the mean, median, and...
-
Knapp Inc.s financial statements are provided below. Using this information, compute the firms free cash flows and the financing cash flows, and interpret your results. We should be subtracting...
-
The Questron Company manufactures telecommunications equipment at its plant in Scranton, Pennsylvania. The company has marketing divisions throughout the world. A Questron marketing division in...
-
1. Find the focal length of a convex mirror of radius of curvature 1m. 2. Focal length of a convex mirror is 50 cm. What is its radius of curvature? 3. Radius of curvature of a concave mirror is 25...
-
Will the total assets increase, decrease or remain unchanged by each of the following transactions? (a) Additional cash introduced as capital by the owner (b) Salary paid to staff (c) Loan received...
-
The owner of Birdland paid in additional capital amounting to 50,000 in cash. As a result of this: (a) The assets and capital will decrease (b) The liabilities and capital will increase (c) The...
-
In an automobile engine, the piston compresses a mixture of gasoline vapor and air before ignition occurs. The combined gas law can be used to calculate the new pressure. Assume that, when the piston...
-
What is not a component of the process of gathering revenue information? Explain.
-
Your plant has fixed costs of $400,000 this year. If they increase by $20,000 every year for the next 10 years, what is the EUAC for the ten- year period? Assume the interest rate is 10%.
-
A company has 410,000 basic shares outstanding and a current stock price of $4000. A financial buyer decides to offer a 65% premium to the current share price. Calculate the equity purchase price in...
-
Lola Lewis has loved fashion all her life and grew up wanting to have her very own shop where she could buy and sell different kinds of haute couture clothing. She achieved her goal March 2023. She...
-
A multi-year lease agreement for commercial office space requires annual beginning of-year lease payments of $120,000 for each of the next five years. If the cost of capital is 10%, what is the value...
-
Based on tests of the Chevrolet Cobalt, engineers have found that the miles per gallon in highway driving are normally distributed, with a mean of 32 miles per gallon and a standard deviation of 3.5...
-
In a system with light damping (c < cc), the period of vibration is commonly defined as the time interval d = 2/d corresponding to two successive points where the displacement-time curve touches one...
-
Balance sheet relations Selected data based on the balance sheet amounts for Metso Corporation, a Finnish paper company for four recent years appear in the following table. Metso applies IFRS and...
-
Asset and liability recognition and measurement After winning Americas Next Top Mode! in 2006, Danielle Evans signed a contract with Ford Models, was named a spokesmodel for CoverGirl, and signed a...
-
Asset recognition and measurement Duke University, a U.S. university, provides tuition support for up to eight semesters of undergraduate education for up to two children of faculty and stuff of the...
-
Describe the judgmental and statistical approaches of collecting and combining the applicant data. Which approach would you prefer and why?
-
Discuss the usage of Internet and Artificial Intelligence (AI) during each stage of Recruitment and Selection process.
-
Why is the balance sheet approach to compensation the best approach .
Study smarter with the SolutionInn App