Question

In: Accounting

Which of the following statements is true?    Select one: a. We can only find the...

Which of the following statements is true?   

Select one:

a. We can only find the opening balance of Capital on the 10-column worksheet when there is no owner’s drawings.

b. We can always find the opening balance of Capital on the 10-column worksheet.

c. We can never find the opening balance of Capital on the 10-column worksheet.

d. We can only find the opening balance of Capital on the 10-column worksheet when there is no owner’s contribution.

Solutions

Expert Solution


Related Solutions

Which one of the following statements is NOT true? Select one: A. The need for funding...
Which one of the following statements is NOT true? Select one: A. The need for funding does not end when a company goes public. B. Approval is obtained from the board of directors to issue securities. C. The lowest-cost source of external funds is often an open offer to the public. D. The investment bank decides how much money the company needs to raise and what type of security - such as debt, ordinary shares or preference shares - to...
Which of the following statements is/are TRUE? (i.e. select ONLY the answer(s) that is/are TRUE.) 1.RNA...
Which of the following statements is/are TRUE? (i.e. select ONLY the answer(s) that is/are TRUE.) 1.RNA polymerase does not require primer to initiate the process of assembly of nucleotide triphosphates. This is in contrast to DNA replication, where primer is required at initiation. 2.The addition of a Poly-A tail on the end of a transcript happens because of the transcription of the Poly-T signal from the corresponding gene. 3.The molecule Poly-A polymerase is responsible for addition of the Poly-A sequence...
Which of the following statements is TRUE? Select one: a. A Cobb-Douglas production function can have...
Which of the following statements is TRUE? Select one: a. A Cobb-Douglas production function can have different returns to scale at different output levels. b. It is impossible to have increasing returns to scale for one output level, and decreasing returns to scale for a different output level. c. It is possible to have increasing returns to scale for one output level, and decreasing returns to scale for a different output level. d. None of the above.
1. Which of the following statements are true? Select all that apply. Select one or more:...
1. Which of the following statements are true? Select all that apply. Select one or more: a. Earnings per share is calculated by dividing retained earnings by the number of shares of common stock outstanding. b. The creditors of a firm must be satisfied before any earnings can be distributed to the common shareholders. c. When referring to ratio comparisons, time-series analysis compares a firm to that of an industry leader. d. The operating profit margin must take into account...
Which of the following statements about COBIT 5 is not true? Select one: a. It is...
Which of the following statements about COBIT 5 is not true? Select one: a. It is a framework designed to assist with critical business issues related to the governance and management of information technology b. One of the five principles of COBIT 5 is Enabling a Holistic Approach c. COBIT 5 helps companies only if they use it in addition to following COSO ERM d. All of the above statements are true
3.. 1, Which of the following statements is true? Select one: a. It is possible to...
3.. 1, Which of the following statements is true? Select one: a. It is possible to make conclusions about the value of stock options without making any assumption about the volatility of stock prices. b. The put-call parity also hold for American options c. The value of a call generally increases as current stock price, the time to expiration, the volatility and the risk-free interest rate decrease. d. The value of a put generally decreases as current stock price, the...
Which of the following statements are true? Multiple answers: You can select more than one option...
Which of the following statements are true? Multiple answers: You can select more than one option A If unemployment benefits are increased¸ the minimum cost of a unit of effort for the employer will rise. B If the wage doesn’t change¸ employees will work harder in periods of high unemployment. C If workers continue to receive benefits however long they remained unemployed¸ an increase in the level of unemployment will have no effect on the best response curve. D If...
Which one of the following statements about insurer profitability is true? Select one: a. Profitability is...
Which one of the following statements about insurer profitability is true? Select one: a. Profitability is not important to insurance companies b. Profitability is the only important goal of insurance companies c. Cooperative insurers should earn a profit, but this is not their primary goal d. Cooperative insurers are prohibited from earning a profit
Which one of the following statements is NOT true? Select one: A. Venture capitalists often require...
Which one of the following statements is NOT true? Select one: A. Venture capitalists often require an entrepreneur to make a substantial personal investment in the business. B. Venture capitalists do not require an entrepreneur to make a personal investment in the business. C. Venture capitalist's in-depth knowledge of the industry and technology reduces risk. D. The key idea behind staged funding is that each funding stage gives the venture capitalist an opportunity to reassess the management team and the...
Exactly one of the following statements is true. Which one? Select one: a. Every convergent sequence...
Exactly one of the following statements is true. Which one? Select one: a. Every convergent sequence is monotonic. b. Every Cauchy sequence is monotonic. c. Every Cauchy sequence is bounded. d. None of the other statements is true. e. Every monotonic sequence converges
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT