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

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ACCT105 Week 1 QuizPart 1 of 1 -100.0/ 100.0 PointsQuestion 1 of 1010.0/ 10.0 PointsIn 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 PointsIf liabilities have increased by exactly the same amount that assets have increased, stockholders’equity will have:
Question 3 of 1010.0/ 10.0 PointsThe equity ratio is equal to stockholders’ equity divided by total assets.
Question 4 of 10
10.0/ 10.0 PointsA creditor of the partnership has a claim against an individual partner’s personal assets if thepartnership has no cash.

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