ACCT105 Week 1 Quiz.docx - ACCT105 Week 1 Quiz Part 1 of 1...

ACCT105 Week 1 Quiz
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
If liabilities have increased by exactly the same amount that assets have increased, stockholders’
equity will have:
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
A creditor of the partnership has a claim against an individual partner’s personal assets if the
partnership has no cash.