ACCT105 Week 1 Quiz.docx - ACCT105 Week 1 Quiz Return to...

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ACCT105 Week 1 Quiz Return to Assessment List Part 1 of 1 - 100.0/ 100.0 Points Question 1 of 10 10.0/ 10.0 Points In accounting, the resources of a business organization are called: A. Assets. B. Proprietorship. C. Creditors’ equity. D. Stockholders’ equity. E. None of the above. Answer Key: A
Question 2 of 10 10.0/ 10.0 Points Equities are composed of assets and stockholders’ equity.
Question 3 of 10 10.0/ 10.0 Points The equity ratio is equal to stockholders’ equity divided by total assets.
Question 4 of 10 10.0/ 10.0 Points Another way to express the accounting equation is: Assets – Stockholders’ Equity = Liabilities.
Question 5 of 10 10.0/ 10.0 Points If liabilities have increased by exactly the same amount that assets have increased, stockholders’ equity will have:
A. Remained the same. B. Decreased. C. Increased. D. Decreased more than increased. Answer Key: A

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