answers

A$)$ $$12,600$

B$)$ $$19,800$

C$)$ $$19,400$

Following is an extract of account balances of Aztec Moving Services as of December $3$

first year of operation.

What is the amount of total assets at the end of the year?

A$)$ $$35,000$

B$)$ $$19,000$

C$)$ $$21,000$

Saturn, Inc. paid $$8000$ on accounts payable. How does this transaction affect th

equation of Saturn?

A$)$ Assets decrease by $$8000$ and liabilities decrease by $$8000.$

B$)$ Assets increase by $$8000$ and equity decreases by $$8000.$

C$)$ Assets decrease by $$8000$ and equity increases by $$8000.$

D$)$ Assets increase by $$8000$ and liabilities increase by $$8000.$

Assume Metro Corporation had a net income of $$2200$ for the year ending $D$

beginning total assets was $$35,500$ and its ending total assets was $$19,000.$ C

on average total assets.. $($Round your percentage answer to two decimal pla

A$)8\mathrm{.}07\%$

B$)4\mathrm{.}04\%$

C$)6\mathrm{.}20\%$