Stockholders' equity is increased by revenues.
<h3>What is stockholders' equity?</h3>
Stockholders' equity is the total assets of a firm less the total liabilities. According to the accounting equation, stockholders' equity = assets - liabilities.
Factors that cause asset to increase or liabilities to reduce increases stockholder's equity. For example, an increase in revenue increases stockholder's equity or a decrease in expenses increases stockholder's equity.
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Answer: (A) Electronic data exchange
Explanation:
The electronic data exchange system is the type of software which is used for transferring the data from one system to another computer system.
The EDI system is used for exchanging various types of business document in an organization.
By using the electronic data exchange method we can easily and fastly transfer the file and document to the destination computer system without any human intervention.
This type of software is used in various types of business for exchange documents between the customers and suppliers.
Therefore, Option (A) is correct.
<span>A driver stops for gas and their smartphone buzzes with a text offering a free coffee inside the gas station. What does mobile provide advertisers that enables them to offer this to customers? The mobile device profits advertisers with location trackers to see where the driver is. Once they stop, the advertisers for the app's the driver has downloaded can notify them of offers where they are at or around their current location. </span>Having location services on gives opportunity for advertisers to advertise their items and also for the device owner to receive deals.
Answer:
D. Cannot be determined given the information provided.
Explanation:
The accounting equation deals with the 3 elements of the balance sheet namely; assets, liabilities and equity and the relationship between them as shown below.
Assets = Liabilities + Equity
Given;
Total asset = $288,000
Equity = Retained earnings + common stock
= 40,000 + 100,000
= $140,000
Liabilities = $288,000 - $140,000
= $148,000
Liabilities include; Notes Payable 88,000, Salaries Payable ? Accounts Payable ?
Since the Salaries Payable and Accounts Payable are not known, the right option is D. Cannot be determined given the information provided.