Which of the following is not a correct expression of the accounting equation?

a. Assets − Liabilities = Owners’ equity

b. Net assets = Liabilities + Owners’ equity

c. Assets = Liabilities + Owners’ equity

d. Net assets = Owners’ equity

On October 1 a company sells a 3-year, $2,500,000 bond with an 8% stated interest rate. Interest is paid quarterly and the bond is sold at 89.35. On October 1 the company would collect ________.

A.$200,000

B. $558,438

C.$2,233,750

D. $6,701,250

Describe different types of residential property.

Explain how the following items affect equity: revenue, expenses, investments by owners, and distributions to owners.

Hardware and software for computers are complements. Discuss the effects on the equilibrium price and quantity

a. In the software market, when the price of computer hardware falls.

b. In the hardware market, when the price of computer software rises.

Earning revenue

A.)increases one asset, decreases another asset

B.) decreases assets, increases liabilities

C.) increases assets, increases stockholders' equity

D.) increases assets, decreases stockholders' equity

All of the following are typically classified as current assets except a. Marketable Securities. b. Accounts Receivable. c. Cash. d. Equipment. e. Notes Receivable

Find the ratio of net income after taxes to average owners’ equity for the firm. (Round to the nearest tenth of a percent.)

The accounting equation can be expressed as

a. Assets = Liabilities − Equity. b. Assets + Liabilities = Equity. c. Assets − Liabilities = Equity. d. Equity − Assets = Liabilities.

Which of the following may be a current liability? Group of answer choices

A. Deferred Revenue

B. all of these are included

C. Withheld Income Taxes

D. Deposits Received from Customers

Owner’s equity represents which of the following?

A. the amount of funding the company has from issuing bonds

B. the sum of the retained earnings and accounts receivable account balances

C. the total of retained earnings plus paid-in capital

D. the business owner’s/owners’ share of the company, also known as net worth or net assets

The correct formula for the calculation of earnings per share is ________.

A. (Net income + Preferred dividends) / Weighted average common shares outstanding

B. Net income / Weighted average common shares outstanding

C. (Net income – Preferred dividends) / Weighted average common shares outstanding

D. (Net income – Preferred dividends) / Treasury shares outstanding

Corrections of errors that occurred on a previous period’s financial statements are called ________.

A. restrictions

B. deficits

C. prior period adjustments

D. restatements