ACCT105 I004 Sum 19 _ Tests & Quizzes1.pdf - APUS CLE...

This preview shows page 1 - 2 out of 3 pages.

8/9/2019 APUS CLE : ACCT105 I004 Sum 19 : Tests & Quizzes 10.0/ 10.0 Points ACCT105 Week 1 Quiz Return to Assessment List Part 1 of 1 - 100.0/ 100.0 Points Question 1 of 10 Another way to express the accounting equation is: Assets – Stockholders’ Equity = Liabilities. A. True B. False Answer Key: True
1/3
10.0/ 10.0 Points Question 2 of 10 Cash is increased when an outstanding account receivable is collected.
10.0/ 10.0 Points Question 3 of 10 Each partner may be held liable for the actions of other partners when they are acting within the scope of the business.
10.0/ 10.0 Points Question 4 of 10 The purchase of equipment for cash would:

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture