ACCT105 Week 1 Quiz - ACCT105 Week 1 Quiz...

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ACCT105 Week 1 QuizReturntoAssessmentListPart 1 of 1 -80.0/ 100.0 PointsQuestion 1 of 1010.0/ 10.0 PointsInvestment of additional cash in the business by the stockholders would:A.Decrease an asset and decrease aliability.B.Increase an asset and increase a liability.C.Increase an asset and increasestockholders’ equity.D.Increase one asset and decreaseanother asset.E.None of the above.Answer Key:CQuestion 2 of 1010.0/ 10.0 PointsThe return of defective equipment to the supplier before it is paid for would:ACCT105 Week 1
E.None of the above.Answer Key:BQuestion 3 of 1010.0/ 10.0 PointsIn accounting, the resources of a business organization are called:
A

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Term
Winter
Professor
Natalya Snow
Tags
Balance Sheet, Generally Accepted Accounting Principles, partner

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