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goldfiish [28.3K]
3 years ago
11

If total assets decreased by $49,928 during a period of time and stockholders' equity increased by $26,024 during the same perio

d, then the amount and direction (increase or decrease) of the period's change in total liabilities is a.$21,578 increase b.$49,928 decrease c.$75,952 increase d.$75,952 decrease
Business
1 answer:
Gnesinka [82]3 years ago
5 0

Answer:

d.$75,952 decrease

Explanation:

We simply use the Accounting Equation to determine the period's change in total liabilities.

So, the Accounting Equation states :

Assets = Equity + Liabilities

also

Assets - Equity = Liabilities

therefore,

($49,928) - $26,024 =  Liabilities

(- $75,952) = Liabilities

conclusion

The period's change in total liabilities is $75,952 decrease

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The third party which is authorized to make a final decision in a dispute is called the ______.
sesenic [268]
The third party which is authorized to make a final decision in a dispute is called the arbitrator.
7 0
4 years ago
Time value An Iowa state savings bond can be converted to ​$750 at maturity 5 years from purchase. If the state bonds are to be
Elden [556K]

Answer:

$78.35

Explanation:

Given:

Future value = $750

Maturity time = 5 years

Annual rate = 5%

Now,

Future value = P × ( 1 + r )ⁿ

Where, P is the present value of the bonds

r is the rate of interest

n is number of periods

on substituting the values, we get

$100 = P × ( 1 + 5% )⁵

or

$100 = P × ( 1.05 )⁵

or

P = $78.35

Hence, the state should sell its bond at a price of $78.35

4 0
3 years ago
Acc 450 specific misstatement in one of a client's 2,000 accounts receivable is referred to as a(n):___.
torisob [31]

Acc 450 specific misstatement in one of a client's 2,000 accounts receivable is referred to as a(n) <u>known misstatement.</u>

There are two categories of errors: known and likely. The amount of specifically determined misstatements is what Section 312A.35 refers to as known misstatements.

For instance, it would be a known untruth if an unpaid invoice for items purchased or services supplied prior to the end of the period given was not recorded.

According to Section 312A.35, "the auditor's best assessment of the overall misstatements in the account balances or classes of transactions" is what is meant by "likely misstatements." When an auditor uses analytical or sampling techniques, probable misstatements may be found.

For instance, if an auditor applies sampling methodologies to a certain class of transactions and finds a known misstatement in the items examined, the auditor will project the known difference found in the samples to find the likely misstatement.

To learn more about Misstatement here

brainly.com/question/15321980

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3 0
2 years ago
A company should examine this area of the control of information if it wants to determine what data it has the right to monitor
lianna [129]

Answer:Privacy

Explanation: Privacy can be defined as the ability of an individual to seclude themselves from others. Data privacy is that area of control that the organisation should focus on to determine the data they need to capture from employees and what they should not.

Privacy rules as per the laws and societal expectations makes the relationship between collection and dissemination of information.

5 0
3 years ago
Read 2 more answers
Disbursements float: A) occurs when a deposit is recorded but the funds are unavailable. B) causes the book balance to exceed th
Rudik [331]

Answer:

The correct answer is letter "E": is generally more desirable to companies than collection float.

Explanation:

Disbursement floats refer to the amount of money a company has spent but has not been discounted from its account yet. This usually happens when the company makes wire transfers to different banks or issues checks that take to clear some days.  

<em>Disbursement floats are preferred for a company compared to collection float since the latter is based on debts that the firm has not been able to pay yet while disbursement floats are just the result of unfinished transactions the company has already taken responsibility for.</em>

5 0
3 years ago
Read 2 more answers
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