Ashworth College ACCOUNTING A01V Accounting Quiz 1
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Ashworth College ACCOUNTING A01V Accounting Quiz 1 Ashworth College ACCOUNTING A01V Accounting Quiz 1
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Question Part 1 of 1 Question 1 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 __________. A. $39,000 B. $5,000 C. $20,000 D. $17,000 Question 2 of 20 5.0/ 5.0 Points Which of the following is a characteristic of a sole proprietorship? A. business owned by more than one person B. easy to form C. each stockholder acts as an owner of the company D. can continue indefinitely Question 3 of 20 5.0/ 5.0 Points Which of the followi...
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Question Part 1 of 1 Question 1 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 __________. A. $39,000 B. $5,000 C. $20,000 D. $17,000 Question 2 of 20 5.0/ 5.0 Points Which of the following is a characteristic of a sole proprietorship? A. business owned by more than one person B. easy to form C. each stockholder acts as an owner of the company D. can continue indefinitely Question 3 of 20 5.0/ 5.0 Points Which of the followi...