Question 15 of 20 50 50 points the claims of

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Question 15 of 20 5.0/ 5.0 Points
The claims of creditors against the assets are __________.
Question 16 of 20 5.0/ 5.0 Points How does the purchase of office equipment on account affect the accounting equation?
Question 17 of 20 0.0/ 5.0 Points Strum Hardware has total assets of $50,000. What are the total assets if new equipment is purchased for $10,000 cash?
Question 18 of 20 5.0/ 5.0 Points
A corporation __________. A. can continue indefinitely B. is owned by stockholders C. has limited risk to stockholders D. All of these answers are correct.
Question 19 of 20 5.0/ 5.0 Points If total liabilities are $18,000 and owner's equity is $21,000, the total assets must be __________.
Question 20 of 20 5.0/ 5.0 Points Which of the following transactions would cause one asset to increase and another asset to decrease?
D. The business bought supplies for cash.

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