![joelpimentel](/avatars/11113.jpg)
joelpimentel
11.07.2019 •
Business
Mune company recorded journal entries for the declaration of $150,000 of dividends, the $96,000 increase in accounts receivable for services rendered, and the purchase of equipment for $63,000. what net effect do these entries have on owners' equity? a. decrease of $213,000. b. decrease of $117,000. c. decrease of $54,000. d. increase of $33,000.
Solved
Show answers
More tips
- O Other Everything You Need to Know About Kudyabliks...
- F Food and Cooking How to cook crayfish? Everything you need to know...
- F Food and Cooking Homemade kvass: recipe and brewing process...
- H Health and Medicine How to Choose the Right Tanning Cream?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- S Sport Running: How to Do It Right?...
- H Health and Medicine Sunstroke: Causes, Symptoms, and Precautions...
- H Health and Medicine How to Deal with Heat Stroke?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- A Auto and Moto How many blood alcohol level units are allowed in Russian traffic laws?...
Answers on questions: Business
- B Business Imagine that you are the hiring manager for each of the given jobs. You are looking for potential signals from the job candidates to see if they have the relevant traits for...
- B Business What is natural about a natural monopoly? A natural monopoly A. is a public franchise . B. produces a product whose usefulness increases with the number of consumers who...
- B Business PLEASE HELP- If production costs decrease in a particular industry (say a barrel of oil decreases significantly in price), how will industry-wide supply be affected? In what...
- E English In his speech, patrick henry asserts that is the colonists best option now. a. fighting the british b. taking over britain c. agreeing to obey d. assassinating the king...
- S Social Studies Who is responsible for drawing the congressional district boundaries...
- G Geography What scientist is credited with proposing the principle of uniformitarianism...
- S Social Studies Which of the following could be considered acts of active citizenship? i. stopping to a motorist whose car has broken down ii. starting a neighborhood watch group iii. tutoring...
- M Mathematics 4×62=(4×n)+(4×2) how do i solve the problem?...
- H History In 1840, if you wanted to travel from baltimore, maryland, to vandalia, illinois, what route would you take...
- H History Theodore roosevelt’s solution for dealing with different groups was called the a.) new deal b.)the progressive deal c.) the square deal d.)the new freedom....
Ответ:
Calculation of effect of transactions on owners' equity:
The declaration of $150,000 of dividends shall decrease the owners' equity.
The $96,000 increase in accounts receivable for services rendered shall increase the owners' equity due to increase in Revenues.
And there shall be no effect of purchase of equipment for $63,000 on the owners' equity.
Hence the net effect on owners' equity shall be = 96000-150000 = -$54,000 or Decrease of $54,000
Hence the correct answer is;
c. decrease of $54,000.
Ответ:
why the fu.ck you talkin about anime bit.ch!?!?!?!?!?!
Explanation: