The accounting equation may be expressed as( ) A. Assets = Equities - LiabilitiesB. Assets + Liabilities = Owner's EquityC. Assets = Revenues less LiabilitiesD. Assets - Liabilities = Owner's Equity
The accounting equation may be expressed as( )
A. Assets = Equities - Liabilities
B. Assets + Liabilities = Owner's Equity
C. Assets = Revenues less Liabilities
D. Assets - Liabilities = Owner's Equity
相关考题：
If the liabilities owed by a business total $300,000 and owners equity is equal to $300,000, then the assets also total $300,000.() 此题为判断题(对，错)。
If the liabilities owed by a business total $500,000, then the assets also total $500,000.() 此题为判断题(对，错)。
Notes may be issued ( ) A、when assets are purchasedB、to creditor's to temporarily satisfy an account payable created earlierC、when borrowing moneyD、all of the above
Debts owed by a business are referred to as( ) A. accounts receivablesB. equitiesC. owner’s equityD. liabilities
16 Which of the following statements about accounting concepts and conventions are correct?(1) The entity concept requires that a business is treated as being separate from its owners.(2) The use of historical cost accounting tends to understate assets and profit when prices are rising.(3) The prudence concept means that the lowest possible values should be applied to income and assets and thehighest possible values to expenses and liabilities.(4) The money measurement concept means that only assets capable of being reliably measured in monetary termscan be included in the balance sheet of a business.A 1 and 2B 2 and 3C 3 and 4D 1 and 4
8 Which of the following statements about accounting concepts and conventions are correct?(1) The money measurement concept requires all assets and liabilities to be accounted for at historical cost.(2) The substance over form. convention means that the economic substance of a transaction should be reflected inthe financial statements, not necessarily its legal form.(3) The realisation concept means that profits or gains cannot normally be recognised in the income statement untilrealised.(4) The application of the prudence concept means that assets must be understated and liabilities must be overstatedin preparing financial statements.A 1 and 3B 2 and 3C 2 and 4D 1 and 4.
17 Which of the following statements are correct?(1) All non-current assets must be depreciated.(2) If goodwill is revalued, the revaluation surplus appears in the statement of changes in equity.(3) If a tangible non-current asset is revalued, all tangible assets of the same class should be revalued.(4) In a company’s published balance sheet, tangible assets and intangible assets must be shown separately.A 1 and 2B 2 and 3C 3 and 4D 1 and 4
The balance sheet is divided into ______ sections: ______.A．two.., assets and liabilitiesB．two.., incomes and expendituresC．three.., assets, liabilities and owner's equityD．three.., incomes, expenditures, and equity
Current _______ are those debts that must be paid within the year. A assets ;B equities ;C liabilities
On the balance sheet, assets and liabilities are classified as either (61) or long-term to indicate their relative liquidity. Liquidity is a (62) of how quickly an item may be converted to cash. Therefore, (63) is the most liquid asset. Accounts receivable are a (64) liquid asset because the business expects to collect the amount in cash in the near future. (65) are less liquid than accounts receivable, and furniture and buildings are even less so.(46)A．short-termB．currentC．circulatingD．futures
How can we know the management of financial assets?A．From the assets' area of special expertise.B．From the portfolio of the assets.C．From the scale of the assets.D．From the reserve banks.
Repayment of the term loan relies onA．the net inflow of future funds of the assets financedB．the net outflow of the future funds of the assets financedC．the total assets of the borrowing firmD．the total liabilities of the borrowing firm
Liabilities that will be due within a short time (usually one year or less) and that are to be paid out of current assets are called ______.A．long-term trustB．long-term liabilitiesC．current liabilitiesD．current investment
听力原文：M: If a bank has inadequate liquidity, what would happen?W: In this case, it cannot obtain sufficient funds, either by increasing liabilities or by converting assets promptly. Thus, insufficient liquidity can lead to the insolvency of a bank.Q: What would lead to a bank's insolvency?(14)A．Adequate liquidity.B．Insufficient liquidity.C．Increasing liabilities.D．Converting assets.
The accounting equation shows the relationship among ______.A．assets, liabilities and investor's yieldB．assets, liabilities and owner's equityC．capital, liabilities and profitsD．capital, costs and profits
听力原文：During the second half year, this bank had total assets of USD80.2 million.(7)A．The bank had aggregate assets of USD80,200,000.B．The bank had aggregate assets of USD80,020,000.C．The bank had aggregate assets of USD8,200,000.D．The bank had aggregate assets of USD18,200,000.
听力原文：M: Can you tell me something about a balance sheet?W: Yes. It is divided into three sections: assets, liabilities, and owner's equity and it is used to summarize a company's financial position on a given date.Q: Which of the following is not a section of a balance sheet?(15)A．Profit and JossB．Owner's equity.C．LiabilitiesD．Assets.
A profit and loss statement indicates the company's ______.A．assets and liabilities at a particular point in timeB．revenues and expenses for a specific period of timeC．financial resources at a particular point in timeD．performance at a particular point in time
"Balance Sheet" means the statement on which a bank's assets and liabilities are listed.A．RightB．WrongC．Doesn't say
By what means does a business measure the worth of assets and liabilities?A．The monetary unit.B．Dollar.C．The value of the monetary unit.D．The sum of all the individual amounts added together.
What does the accountant do in recording assets and liabilities according to the stable-monetary-unit concept?A．He simply adds all the amounts together.B．He puts the assets and liabilities on the balance sheet objectively.C．He makes restatement if the value of money depreciates.D．He records the assets and liabilities on the balance sheet ignoring the change in purchasing power value of the currency.
What is the short-coming of the concept?A．The accountant has to restate the assets and liabilities on the balance sheet.B．It is difficult to compare the balance sheets of different companies.C．The balance sheet can not reflect the precise worth of the assets and liabilities.D．Another company will not decide whether to buy the piece of land.
单选题A maritime lien may be placed against（）.Aany assets that a ship's owner may haveBa vessel，cargo，or freightCobjects that are fixed and immovable，such as wharvesDthe vessel only
单选题In context, which of the following is the best revision of sentence 17 (reproduced below)?And, it’s safer and more reasonably priced than Las Vegas or Nashville with some of the same assets.A(As it is now)BAnd, even though it is safer and more reasonably priced than Las Vegas or Nashville, it has some of the sang assets.CAnd, because it is safer and more reasonably priced than Las Vegas or Nashville, it has some of the same assets.DHowever, it is safer and more reasonably priced than Las Vegas or Nashville, and it also has some of the same assets.ELastly, Branson is safer and more reasonably priced than either Las Vegas or Nashville, but has some of the same assets.