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Lesechka [4]
3 years ago
9

Briefly explain whether you agree or disagree with the following​ statement: ​"Assets are things of value that people own. Liabi

lities are debts.​ Therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a​ liability."
Business
1 answer:
iragen [17]3 years ago
3 0

Answer:

I disagree. It is clearly a bank liability.

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Statistical process control (SPC) is the application of statistical techniques to determine whether a quantity of material shoul
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Answer:

True

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Shelby Corporation was organized in January to operate an air-conditioning sales and service business The charter issued by the
Vedmedyk [2.9K]

Answer: Please refer to Explanation

Explanation:

This is how the stockholders' equity section of the balance sheet at December 31 should look like,

STOCKHOLDERS'S EQUITY

Contributed Capital

Common Stock (29000 shares x $ 1 par) $29,000

Preferred Stock (19500 shares x $ 10 par) $195,000

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If you need any clarification do comment.

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