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41 if the assets owned by a business total 100 000 and liabilities total 50 000 the 4297257

 

41. If the assets owned by a business total $100,000 and liabilities total $50,000, the total for stockholders' equity is $150,000. 
 

42. If total assets increased by $175,000 during a specific period and liabilities decreased by $10,000 during the same period, the period's change in total stockholders' equity was a $185,000 increase. 
 

43. If net income for a corporation was $25,000, the dividends paid in cash of $10,000, and the stockholders’ invested $5,000 in cash, the stockholders’ equity increased by $20,000. 
 

44. If net income for a corporation was $175,000, dividends were $40,000 in cash, and the stockholders made no additional investment, the stockholders’ equity increased $215,000. 
 

45. An account receivable is a claim against a customer arising from a sale on account. 
 

46. Paying an account payable increases liabilities and decreases assets. 
 

47. Receiving payments on an account receivable increases both stockholders’ equity and assets. 
 

48. Cash investments by stockholders increase both stockholders’ equity and assets. 
 

49. Cash dividends decrease assets and increase stockholders’ equity. 
 

50. Purchasing supplies on account increases liabilities and decreases stockholders’ equity. 
 

 

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