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scoray [572]
1 year ago
9

The owner of a business invested $5,000 in the business. what are the effects on the fundamental accounting equation?

Business
1 answer:
Bezzdna [24]1 year ago
5 0

The owner of a business invested $5,000 in the business. Total assets and liabilities increase on the fundamental accounting equation.

<h3>What are assets ?</h3>

Financial accounting classifies as an asset any resource that a business or other economic organization owns or manages. Anything that has the potential to provide positive economic value qualifies. The ownership value that can be turned into cash is represented by assets.

<h3>What are liability ?</h3>

A liability is defined in financial accounting as the future economic advantages that an entity must forgo for other entities as a result of previous transactions or other previous events.

<h3>Difference between asset and liability </h3>

Any possessions that could possibly result in future financial gain are considered a company's assets. Your debts to other people are called liabilities.

To know more about transactions visit :

brainly.com/question/24730931

#SPJ4

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<h3>Halo and Horn Effect</h3>

Halo and Horn Effect is when our first impression of somebody leads us to have a biased positive or negative opinion of their work or company. Hence, the relationship will most likely reflect in such situation.

Therefore, the answer is Halo and Horn Effect.

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2 years ago
A new innovation is _________when it fulfills a similar market need, but does so by building on an entirely new knowledge base.
mamaluj [8]

Answer: technology

Explanation:

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2 years ago
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7 0
2 years ago
The financial statements for Harold Corporation contained the following information: Accounts receivable $ 5,000 Sales revenue 7
worty [1.4K]

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Explanation:

Given that,

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2 years ago
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STatiana [176]

Answer:

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