O liabilities decrease O assets increase owner's equity decreases
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- Effects of transactions on stockholders’ equity For Target Corporation (TGT), indicate whether the following transactions would (1) increase, (2) decrease, or (3) have no effect on stockholders’ equity. a. Borrowed money front the bank. b. Paid creditors. c. Made cash sales to customers. d. Purchased store equipment. e. Paid dividends. f. Paid store rent. g. Paid interest expense. h. Sold store equipment at a gain. i. Received interest revenue. j. Paid taxes.. Revenues area. decreases in liabilities resulting from paying off loans.b. increases in retained earnings resulting from selling products or performing services.c. increases in paid-in capital resulting from the owners investing in the business.d. all of the above.Comment critically on the following statement: ‘Equity only increases or decreases as a result of the owners putting more cash into the business or taking some out.’
- The owner’s equity will reduce when ________ i. A business obtains net profit ii. A business incur net loss iii. The owner contributes additional capital iv. The owner pays the business debt using his own pocket money v. The owner withdraws goods for his personal consumptionBlecker Corp. made cash sales to customers. What effect does this transaction have on theaccounting equation?a. Liabilities increase and stockholders’ equity increases.b. There is no effect on the accounting equation as one asset account increases whileanother asset account decreases.c. Assets increase and liabilities increase.d. Assets increase and stockholders’ equity increases.An investment of cash by stockholders into the business willa. decrease total assets.b. increase stockholders’ equity.c. have no effect on total assets.d. decrease total liabilities.
- Which of the following transactions causes a decrease in total assets (more than one may be correct)? Multiple correct question a) Issue common stock in exchange for cash. b) Purchase office equipment for cash. c) Pay dividends to stockholders. d) Pay employee salaries for the current month.Owner's Equity is the total amount of money and other things invested by owners when they start the business. Select one: True FalseIdentify if it will Increase, Decrease or No effect. 1.What happens to the owner’s assets when the company receives cash from a bank loan? 2.What happens to the owner’s equity when the company receives cash? 3.What happens to the owner’s equity when the owner invests personal cash in the business? 4.What will happen to the company’s liquidity when some of its products are sold from inventory? 5.What happens to the owner’s assets when the company purchases equipment with its cash? 6.What happens to the owner’s assets when the company repays the bank that had lent?
- How many of the following transactions increase a company's liquidity? • Provide services on account. • Pay workers' salaries in the current period. • Purchase office supplies with cash. • Pay dividends to stockholders. Select one: a. Two b. Zero c. Three d. One e. FourWhich of the following transactions causes an increase in stockholders’ equity? a. Pay dividends to stockholders. b. Obtain cash by borrowing from a local bank. c. Provide services to customers on account. d. Purchase advertising on a local radio station.When an account payable is paid with cash, the owner's equity in the business decreases. Please explain with full explanation a. True b. False