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Ashworth A01/ A01 Accounting Quiz 2
Category : Business
Posted on 01/06/2016 at 8:48:54 PM
 
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Ashworth A01/ A01 Accounting Quiz 2
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Posted on 01/06/2016 at 8:48:54 PM
 
Posted By : Bestmind
   
 
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Question Part 1 of 1 - 95.0/ 100.0 Points Question 1 of 20 5.0/ 5.0 Points Ryan withdrew cash from the business to pay his personal cell phone bill. The expanded accounting equation changes include __________. A. increase in both cash and withdrawal B. decrease in both cash and withdrawal C. decrease in cash and increase in withdrawal D. increase in cash and decrease in withdrawal Question 2 of 20 5.0/ 5.0 Points Which of the following items are on both the balance sheet and the statement of owner's equity? A. Net loss B. Capital C. Additional owner's investments D. Owner's withdrawals Question 3 of 20 5.0/ 5.0 Points BPK Industries has a net income for the period of $2,500. The balance in the Owner’s Capital account for the beginning of the period is $5,000 and the owner has withdrawn $1,650 for personal expenses. The balance in the Owner’s Capital account at the end of the period will be __________. A. $5,850 B. $7,500 C. $850 D. $9,150 Question 4 of 20

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