subject
Business, 21.12.2020 18:00 sofietyeweirdo

At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. The effect of this entry on the company's balance sheet is to decrease:.a. assets and increase liabilities. b. owners' equity and decrease assets. c. assets and increase owners' equity. d. owners' equity and increase liabilities.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 18:20
Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.
Answers: 1
question
Business, 22.06.2019 05:20
142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle
Answers: 1
question
Business, 22.06.2019 14:30
Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.
Answers: 3
question
Business, 22.06.2019 21:20
What business practice contributed most to andrew carnegie’s ability to form a monopoly?
Answers: 1
You know the right answer?
At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its eq...
Questions
question
English, 30.11.2020 18:00
question
Mathematics, 30.11.2020 18:00
question
History, 30.11.2020 18:00