CH3_HO Exercises

CH3_HO Exercises - BCOR 2000 Spring 2011 Transaction...

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BCOR 2000 – Spring 2011 Transaction Analysis Practice Determine the impact of each transaction on the following financial statement components: Assets (A) Liabilities (L) Stockholders’ Equity (SE) Revenues (R) Expenses (E) Net Income (NI) Use the following as your answer choices: A. If the transaction results in an increase in the financial statement component total. B. If the transaction results in a decrease in the financial statement component total. C. If the transaction does not change the financial statement component total. Stockholders invest cash into a corporation in exchange for common stock. A__a___ L__c___ SE__a___ R__c___ E___c__ NI___c__ A corporation declares a cash dividend to be paid to its shareholders. A__c___ L__a___ SE__b___ R__c___ E__c___ NI___c__ The previously declared cash dividend is paid. A__b___ L___b__ SE__c___ R__c___ E__c___ NI__c___ A corporation provides services to a customer on account.(Account reciveable) A__a___ L_____ SE__a___ R___a__
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CH3_HO Exercises - BCOR 2000 Spring 2011 Transaction...

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