1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alika [10]
3 years ago
5

Nash's Trading Post, LLC purchased equipment for $1330 cash. As a result of this event, equity decreased by $1330. assets increa

sed by $1330. total assets remained unchanged. both assets and equity decreased by $1330.
Business
1 answer:
Ber [7]3 years ago
5 0

Answer:

Total assets remained unchanged.

Explanation:

Purchase of Equipment is a capital expenditure which increase the fixed asset of the company and decrease the cash if paid in the form of cash. Net effect of the both sides is That there is no increase in the total assets and cash in current asset decreases and Equipment in fixed asset increase so, the total assets balance will be unchanged.

You might be interested in
What do different jobs in the marketing career cluster have in common
Tasya [4]

A career cluster is a group of like careers that allow you to pick different types of sections within the same career. Marketing refers to public relations, advertising, sales and planning. Each of these sections are very important to make sure the marketing plan goes as planned and completes what it was intended to do. The cluster of different sections make up the entire marketing career which are essential to make sure the advertising is completed.

4 0
3 years ago
Read 2 more answers
Interest on a Note Payable is most appropriately accrued:_____________
Thepotemich [5.8K]

Answer: Interest on a Note Payable is most appropriately accrued: "B. as of the end of each accounting period during which the note is a liability.".

Explanation: As long as the Note Payable remains a liability and has not yet reached its due date, according to the accrual principle, at the end of each accounting period the accrued interest must be recognized, and when the Note payable reaches its expiration it must remain with balance 0 the interest not accrued account.

8 0
3 years ago
In the following case, either a recessionary or inflationary gap exists. Assume that the aggregate supply curve is horizontal, s
KengaRu [80]

Answer:

This is a recessionary gap of $60 billion.

Simple multiplier = 1/ (1-.75) = 1/.25 = 4

The government would then have to increase its spending on goods and merchandise by total gap divided my simple multiplier.

$60 billion/ 4 = $15 billionTransfer multiplier - Each dollar of a Transfer payment will increase real GDP by Transfer Payment Multiplier

= MPC / (1-MPC) = 0.75 / (1-0.75) = 0.75/0.25 = $3

The government must increase spending on transfer payments by total gap divided by transfer payment multiplier = $60 billion / $3 = $20 billion

6 0
3 years ago
Kkenneth caplan is a salaried employee who normally works a 371⁄2-hour week and is paid a weekly salary of $675.00. the agreemen
Natali [406]
The gross pays is 675.00
4 0
3 years ago
According to the tutorial, which is the most significant tax local governments rely on to generate revenue?
kirill115 [55]
I believe it is B property tax
8 0
3 years ago
Other questions:
  • What is an employee stock ownership plan
    7·1 answer
  • The following data are available for Something Strange: Issuance of bonds payable $100,000 Sale of investment 50,000 Issuance of
    13·1 answer
  • The paying of a fee to use another firm�s name, resources, and operating systems is called __________.
    6·1 answer
  • Cwhat is the name of the international financial institution dedicated to the economic advancement of developing nations through
    5·1 answer
  • A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to
    11·1 answer
  • The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accou
    14·1 answer
  • An investor thought that market interest rates were going to decline. He paid $19,000 for a corporate bond with a face value of
    8·1 answer
  • Sneaky Sales Retailing advertised a bicycle for a 40 percent sale price of $449 but when customers came in for the sale, the sal
    5·1 answer
  • 20 points easy …………………….
    7·1 answer
  • If there are 25 number 05 buyers what will be market demand​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!