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Blababa [14]
3 years ago
10

After conducting a financial transaction, a company's accounting staff records a $1,000 decrease in a particular asset. In order

for the accounting equation to balance, the accounting staff must also record which of the following things?A :a $1,000 increase in stockholder's equityb. a $1,000 increase in a different assetC :a $1,000 increase in a particular liabilityD :a $1,000 decrease in a different asset coupled with a $1,000 increase in a particular liability
Mathematics
1 answer:
AlexFokin [52]3 years ago
6 0

Answer:

Option B - a $1,000 increase in a different asset

Step-by-step explanation:

After conducting a financial transaction, a company's accounting staff records a $1,000 decrease in a particular asset.

In order for the accounting equation to balance, the accounting staff must also record - a $1,000 increase in a different asset.

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A rival chocolate company is larger. They have 14 times as many workers.
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3 years ago
Lolita deposited 500 in her savings account that earns 5% intrest compounded anually. She forgot about it until now, 15 years la
Sonja [21]

Answer:

P = 1039.5

Step-by-step explanation:

Given:-

- The initial amount deposited, Po = 500

- The interest rate applied, I = 5% compounded annually

Find:-

- The amount on her bank statement after 15 years?

Solution:-

- We see that the principal amount increases every year and no transactions have been made in the course of 15 years.

The total amount left in her savings account would be given by the following formula:

                         P = Po * ( 1 + I/100 )^n

- Where, n = number of years passed since deposit. (15 years)

                        P = 500 * ( 1 + 5/100 )^15

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                        P = 1039.5  

6 0
2 years ago
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