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
xxMikexx [17]
2 years ago
8

Assume that the seller owes $80,000 on a loan for the land. After receiving the $298,000 cash in (a), the seller pays the $80,00

0 owed. What is the effect of the payment on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity? If there is no change, select 'No change' from the dropdown and then enter a "0" in the amount box. Consider only the payoff of the loan, without considering the sale of the land.
Business
1 answer:
geniusboy [140]2 years ago
5 0

Answer:

1.   - $   80,000

2.  -  $  80,000

3.  -   $     0      -   No effect

Explanation:

1. Assets  

 - <em>80,000</em>  ( pay loan ) -  decrease

2. Liabilities

 - 80,000 ( loan from <em>+</em><em> 80,000 </em> to  <em>0</em> ) - decrease

3. Stockholders Equity: no change, as there was not result ( profit/loss ) nor    shareholder contribution/withdrawal

 

You might be interested in
1. What are the purposes of a checking account? ​
tatiyna
<h3>Answer:</h3><h2>The main purpose of a checking acc is to store your money in a safe place until further use.✨</h2>

6 0
2 years ago
In a Team environment, a Coordinator is?
ValentinkaMS [17]
Yes the answer is ymb=x your welcome
8 0
2 years ago
José spends most of his time thinking about Sheila, the love of his life. This had led to José neglecting his course work. From
Rainbow [258]

Answer:

D. his fixed amount of psychic energy

Explanation:

6 0
3 years ago
Beverage companies often use television commercials with images of young people laughing and enjoying themselves on a beach or i
kramer

Answer:

B. Self concepts

Explanation:

Self concepts is basically talls about how individuals perceives or look at their abilities, behavior, unique characteristics and so on. Now, those beverage companies portray people laughing and enjoying themselves while drinking their brand because they aim at selling that concept of happiness as everyone's self concepts revolves around being happy and enjoying one's self. Self concepts gives an idea an individual as on himself on basis of strength, weaknesses, status, contempt and so on.

4 0
3 years ago
When making competitive priority decisions the firm: must ensure the pwp is correctly established must select the correct supply
snow_tiger [21]

When making competitive priority decisions the firm <u>"must make trade-off decisions".</u>


Making decisions requires exchanging off one thing against another.  

In economics, the term trade-off is regularly communicated as an opportunity cost, which is the most favored conceivable option. A trade-off includes a forfeit that must be made to get a specific item or experience. A man surrenders the chance to purchase 'great B,' since they need to purchase 'great A. For a man setting off to a ball game, their financial trade-off is the cash and time spent at the ballpark, when contrasted with the option of watching the diversion at home and sparing their cash, in addition to the time spent heading to the ball game.

5 0
3 years ago
Other questions:
  • One of the primary advantages of using econometrics over typical results from economic theory is that
    7·1 answer
  • Instructions: Answer each question in complete sa
    13·1 answer
  • Rhianna and Jay are married filing jointly in 2018. They have six children under age 17 for whom they may claim the child tax cr
    5·1 answer
  • Which of the following is a drawback of the corporate structure?
    15·2 answers
  • What does a general disk cleanup do?
    11·1 answer
  • New Business Ventures, Inc., has an outstanding perpetual bond with a coupon rate of 11 percent that can be called in one year.
    14·1 answer
  • A reversing entry is ________. Group of answer choices a journal entry used to close the temporary accounts after preparation of
    15·1 answer
  • If average demand for an inventory item is 200 units per day, lead time is three days, and safety stock is 100 units, the reorde
    13·1 answer
  • Which type of delivery format would be the best choice for the keynote speech that welcomes employees?
    6·1 answer
  • Shonda wants to open a deli. She is worried that it won't be successful unless
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!