0
Add your answer:
Earn +20 pts
Is Loaning money to another company through a promissory note an asset source transaction?
FALSE
What is an example of an asset use transaction?
RCS Paid $50,000 cash for operating expenses such as salaries, rent, and intrest. RCS Paid $4,000 cash in dividends to its owners.
Government protection of consumer rights is an example of?
it is an example of a transaction between the consumers and the government.
What is the point of a stock option loan?
Well a stock option loan is an derivative financial instrument that specifies a contract between two parties for a furture transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the corresponding obligation to fulfill the transaction.
Can a tangible asset be a financial asset?
Ive had a similar question like this in a finance exam. Apparently its wrong to say that all financial assets are intangible (i.e. yes, a financial asset can be a tangible asset). Example: Cash
What transaction would decrease an asset account and decrease the owner and equity account?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What transaction would decrease an asset account and decrease the owner's equity account?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What transaction would decrease an asset account and decrease the owner equity account.?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
Is Loaning money to another company through a promissory note an asset source transaction?
FALSE
Give a example of Increase an asset and increase a liability.?
When we purchase fixed asset on credit then it increases our Assets and also increase liability. Transaction as follows: Asset [Debit] Payable [Credit]
The transaction would increase an asset account and increase a liability account?
The transaction would increase an asset account and increase a liability account?
When two asset accounts are changed in a transaction there must be an increase and a decrease?
yes accounting equation is asset = liability +own's equity. the transaction is a decrease on account recceivable of asset and an increase on capital of asset. therefore, the equation is balanced.
Is building an asset?
It is depend on the nature of transaction, if building is acquire on rent then building is not an asset if building is purchased then it is fixed asset.
What are some examples of a digital asset?
A digital asset is any item of text or media that has been formatted into a binary source that includes the right to use it. 3D models is also an example of a digital asset.
What is an example of an asset use transaction?
RCS Paid $50,000 cash for operating expenses such as salaries, rent, and intrest. RCS Paid $4,000 cash in dividends to its owners.
If a company purchases supplies on account the transaction would result in total asset increasing or decreasing?
I think the total asset will decreases
Can a transaction that causes an increase in an asset also cause a decrease in another asset?
Yes. If you purchase a new desk, your furniture asset account would increase, and your cash asset account would decrease.
