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Alik [6]
3 years ago
5

The company purchases equipment with cash - The Equity account does the following:

Business
1 answer:
avanturin [10]3 years ago
3 0

Answer:

The correct answer would be C, No Effect.

Explanation:

In Balance Sheet, there are two sides, one side contains Assets and Liabilities, whereas the other side contains Owner's Equity. When ever there is a change in the accounts head, the changes are reflected in the balance sheet or the concerned financial statement. In this question, The company purchases equipment, which is an asset, from cash. This transaction can be shown by the following entry:

Debit                                            Credit

Equipment(Asset)                         Cash

In this entry, we can see that cash is being credited, which means, owners equity is decreased, but at the same time, equipment is debited, which means assets are increased, and when assets increase, it means owners equity is increased. So there won't be any effect on the owner's equity because equity is just converted from cash to assets. There will be no increase or decrease in the owners equity. It will remain same.

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]To estimate the percentage of defects in a recent manufacturing​ batch, a quality control manager at Daimler minus Chrysler sel
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In a Cobb–Douglas production function the marginal product of labor will increase if:
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Nominal GDP, Exports, and Imports
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Answer:

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Net Exports 2015  are  - $471.4 billion.

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Net Exports 2016 are  - $552.1 billion.

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The net exports for a country is the difference between the value of exports and the value of imports of a country over a certain period of time. The amount of net exports can be wither positive or negative depending upon the value of exports being in excess of the value of imports or not. The formula for net exports is,

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