Increased $40,000>Since assets only decreased $50,000, and liabilities reduced by $90,000, stockholders" equity needs to increase by $40,000 to save the accounting equation balanced.

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During 2014, Gibson company assets lessened $50,000 and also its liabilities reduced $90,000. The stockholders" equity...-decreased $140,000-increased $140,000-decreased $40,000-increased $40,000
Decreases cash; decreases preserved earnings.>Payment of dividend reduces both cash and also retained earnings.
Payment of a dividend...-decreases cash; rises stockholders" equity.-increases kept earnings; rises expenses.-increases expenses; reduce cash.-decreases cash; decreases preserved earnings.
An account is a source document.>An account has three basic parts - a title, a debit side, and also a credit transaction side, yet it is no a source document.
An account is a part of the financial details system and also is defined by all except which among the following?-an account has a debit and also credit side-an account is a source document-an account consists of three parts-an account has a title
Which accounts generally have debit balances?-assets, liabilities, and dividends-assets, expenses, and revenues-assets, dividends, and expenses-assets, expenses, and retained earnings
Analyze a transaction; document it in the journal; short article it come the ledger>The succession is to analyze the event, document it, and then short article it to the ledger.
Which of the following is the exactly sequence of events?-record a transaction in the journal; analysis the transaction; short article it come the ledger-analyze a transaction; document it in the journal; short article it come the ledger-none of the answer choices provides the exactly sequence-analyze a transaction; article it come the ledger; document it in the journal
In the journal>The an initial place entries are recorded is the journal. That is sometimes referred to as the book of original entry.
Where is the first place every transaction is recorded?-in the journal-in the respective accounts-in the simple accounting equation-in the ledger
Liability>The unearned revenue account is classified together a liability. Unearned earnings are payments for future services to be performed or products to be delivered. Till a agency performs the solutions or it is intended the goods, the lot is owed to the party that made the payment.

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The order that they appear in the ledger>Accounts will appear in the trial balance in the same order that they show up in the ledger.
Accounts are listed on the psychological balance in...-the order in i m sorry they are posted-alphabetical order-chronological order-the order that they appear in the ledger
Which the the adhering to is not one of the primary varieties of the financing activities in the declare of cash flows?-issuing shares of stock-buying equipment-borrowing money-paying dividends


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