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olasank [31]
3 years ago
10

Bliss corporation settles a liability by making a payment in cash. how does paying this liability affect the accounting equation

of the​ business?
Business
1 answer:
pogonyaev3 years ago
4 0

Assets decrease and Liability also decrease. Assets is anything that is tangible or intangible that can be owned or controlled to produce by company it is also an economic resources. Liability on the other hand is the responsible of person to something especially stated by law.

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George Johnson recently inherited a large sum of money; he wants to use a portion of this money to set up a trust fund for his t
jek_recluse [69]

yo what sup bro I have no idea on what to say so just pray to God and he will give it to you

8 0
3 years ago
Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began th
Brilliant_brown [7]

Answer:

b.$127,500 increase

Explanation:

Using Accounting Equation we can find thetotal increase in total assets:

Assets = Equity + Liabilities

Change in Assets = Change in Equity + Change in Liabilities

Change in Assets = $37,500 + $90,000

Change in Assets = $127,500

Total Change in equity and liabilities will be equal to the change in Assets.

So, the correct answer is b.$127,500 increase.

7 0
3 years ago
Badger Corporation declared a stock distribution to all shareholders of record on March 25 of this year. Shareholders will recei
ziro4ka [17]

Answer:

The stock dividends are not taxable in 2009 for this case

Explanation:

A. According to the US taxatation regulation in this particular case the stock dividend is not taxable because it is <em>pro rata</em> to all the shareholders.

<em>pro rata means proportional.</em>

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4 0
3 years ago
A stability strategy is a grand strategy that involves little or no significant organizational change. For example, Love Forever
In-s [12.5K]

Answer:

The correct answer is letter "A": True.

Explanation:

Stability strategies are those in which the firm does not change its core method of working, thus, it remains to focus on its current products and markets. Carrying out stability strategies is a less risky approach. The types of stability strategies can be <em>no-change strategy; profit strategy; </em><u><em>and</em></u><em> growth through concentration, integration, diversification, co-operation, internationalization.</em>

6 0
3 years ago
Vincent is tasked with deriving the value for a large, custom home that was constructed nine months ago on a secluded 10-acre lo
Butoxors [25]

Answer: Cost Approach

Explanation:

The best method Vincent should use for valuation is the cost approach.

The cost approach is a method of worth estimation that considers the cost of building an already existing structure: checking the value of the land used for building, the cost of construction and subtracting the devaluation overtime.

5 0
3 years ago
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