Question: Which change recorded in the liabilities and owners equity portion of a balance sheet represents a source of funds? a. Increase in accounts payable b.

Which change recorded in the liabilities and owners’ equity portion of a balance sheet represents a source of funds? 

a. Increase in accounts payable

b. Decrease in long-term debt

c. Decrease in paid in capital

d. Decrease in notes payable

Step by Step Solution

★★★★★

3.32 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Incr... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

1607_606321ef37c32_655609.pdf

180 KBs PDF File

Word file Icon

1607_606321ef37c32_655609.docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Q:

Suppose the government borrows $20 billion more next year than this year. The following graph shows the market for loan able funds before the additional borrowing for next year. Use the orange fine...

Q:

The liabilities and owners equity for Campbell Industries is as follows: Accounts payable ........$ 500,000 Notes payable ........ 250,000 Current liabilities .........$ 750,000 Long-term debt...

Q:

A balance sheet represents a specific date, such as December 31, while an income statement covers a period of time, such as For the Year Ended December 31, 2010. Why does this difference exist?

Q:

Which change recorded in the asset portion of a balance sheet represents a source of funds for SCF purposes? a. Cash withdrawal from a businesss bank account b. Cash deposit into a businesss bank...

Q:

Which change recorded in the liabilities and owners equity portion of a balance sheet represents a cash inflow?Group of answer choicesDecrease in long - term debtDecrease in paid in capitalIncrease...

Q:

Income Statement of an interior design firm, Grand Designs, that makes money by selling hours (fees) and by selling furniture or other items (Sale of Goods). 1) Using the formula for Profit Margin,...

Q:

Please help solve problem 21-37 in chapter 21. What is the working capital of , 12/31/x1 ? and please help solve problem 21-38 ? thank you 21 Chapter Twenty-One Analyzing Financial Statements After...

Q:

Please help solve problem 21-37 in chapter 21. What is the working capital of , 12/31/x1 ? and please help solve problem 21-38 ? thank you 21 Chapter Twenty-One Analyzing Financial Statements After...

Q:

What is wrong about the liabilities and owners' equity portion of the balance sheet below? \begin{tabular}{lr} \hline Depreciation expense & $98,100 \\ Cash & 336,800 \\ Long-term debt & 501,800 \\...

Q:

solve 1. Which of the following events does not involve an exchange of value? A. Payment of a debt B. Purchase of a building on credit C. Loss from theft D. Borrowing money E. None of these 2. An...

Q:

Consider the following potential events that might have occurred to Global Conglomerate on December 30, 2018. For each one, indicate which line items in Global's balance sheet would be affected and...

Q:

The common shares of Unicorp. are forecast to pay annual dividends of $2 at the end of each of the next five years, followed by dividends of $3 per year in perpetuity. What is the fair market value...

Q:

-3 -12 -24 Let A = -8 -13 -32 6 12 27 The eigenvalues of A are 5 and 3. The matrix A is diagonalizable with A = PDP-1

Q:

Find the derivative. d d x ( e x - 9 e x 9 )

Q:

A 1.0F capacitor is connected to a 120-V, 60-Hz source. (a) What is the capacitive reactance of the circuit? (b) How much current is in the circuit? (c) What is the phase angle between the current...

Q:

You vow to replay a tough level in Super Mario World until you win 3 times. Assume that you have a 25% chance of winning each time you play, and each round is independent (your skill does not improve...

Q:

A 100-turn circular coil of wire has a radius of 20.0 cm and carries a current of 0.400 A. The normal to the coil area points due east. A compass, when placed at the center of the coil, does not...

Q:

A 100-MW power generating plant has an efficiency of 40%. If water is used to carry off the wasted heat and the temperature of the water is not to increase by more than 10 oC, what mass of water must...

Q:

A 1.00-kg block (M) is on a frictionless, 20o inclined plane. The block is attached to a spring (k = 25 N/m) that is fixed to a wall at the bottom of the incline. Alight string attached to the block...

Q:

a. Develop an unconditional LGM to explain the developmental trajectory among these youth in drinking behavior. Start with a model in which the error variances for Adol1 through Adol3 are constrained...

Q:

Castillo Chemical has spent $ 240,000 to refine 72,000 gallons of acetone, which can be sold for $ 2.10 a gallon. Alternatively, Castillo Chemical can process the acetone further. This processing...

Q:

Go to the New York Times website (www.nytimes. com/) or to USA Today (www. usatoday. com/) and search for the term outsource. Find an article about a company making a decision to outsource a part of...

Q:

With nearly 18,000 stores in 60 countries, Starbucks serves a lot of coffee and pastries each day, and it also generates a lot of waste, including day- old pastries and coffee grounds. Starbucks...

Q:

Answer. To estimate the average time it takes to assemble a certain computer component, the induwas ingnow it illustration trel it technicians in the performance of this task, getting a mean of 13...

Q:

(#8) a,b,c please! :) Complete parts (a) through (c) below. (a) Determine the critical value(s) for a right-tailed test of a population mean at the a = 0.01 level of significance with 15 degrees of...

Q:

Lenow"s Drug Store and Hall's Pharmaceuticals are competitors. The seperate capital structure for Lenow and Hall are presented as follows Lenow Hall Debt @ 10% $ 100,000 $200,000 Common Stock, $10...