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What are assets?
Question
Asked 11/18/2014 12:38:48 AM
Updated 11/18/2014 5:07:18 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/18/2014 5:06:25 AM]
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User: What are assets?

Weegy: Assets are equal to liabilities plus Owner's equity, in accounting equation. ( Assets = Liabilities + Owner's equity) .


User: What are liabilities?

Weegy: Liabilities are: obligations that legally binds an individual or company to settle a debt.
emdjay23|Points 17341|

User: what does equity means?

Weegy: In accounting and finance, equity is the residual value or interest of the most junior class of investors in assets, after all liabilities are paid; if liability exceeds assets, negative equity exists.



User: What are long term investments?

Question
Asked 11/18/2014 12:38:48 AM
Updated 11/18/2014 5:07:18 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/18/2014 5:06:25 AM]
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8
In general, long term investment is an investment instrument (bond, debenture, preferred stock/preference shares) that matures in more than 10 years.
Added 11/18/2014 5:07:18 AM
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Questions asked by the same visitor
It is not necessary to post adjusting entries
Question
Updated 11/26/2014 12:13:38 PM
1 Answer/Comment
It is not necessary to post adjusting entries. This is False.

Added 11/26/2014 12:13:38 PM
This answer has been confirmed as correct and helpful.
A key characteristic of a partnership is that each partner (Points : 4) must contribute capital to the business. shares in company assets upon the dissolution of the partnership. is capable of legally contracting. must manage the business.
Weegy: A key characteristic of a partnership is that each partner is capable of legally contracting. User: A corporation (Points : 4) is chartered under state laws. is chartered under federal laws. remains in existence only as long as its owners are alive. shifts liability of its debts to its owners. (More)
Question
Not Answered
Updated 11/17/2014 11:05:34 PM
1 Answer/Comment
A corporation is chartered under state laws.
Added 11/17/2014 11:05:34 PM
This answer has been confirmed as correct and helpful.
It is permissible to enter information about a transaction in the ledger accounts first, before entering the information in the journal. (Points : 3) True False
Weegy: It is permissible to enter information about a transaction in the ledger accounts first, before entering the information in the journal. FALSE (More)
Question
Expert Answered
Updated 11/22/2014 7:39:22 AM
0 Answers/Comments
If the owner of a company invested cash in a business enterprise, the transaction would include (Points : 3) debiting Cash and crediting Capital. debiting Capital and crediting Cash. debiting Cash and crediting Revenue. debiting Revenue and crediting Cash.
Weegy: If the owner of a company invested cash in a business enterprise, the transaction would include: debiting Cash and crediting Capital. (More)
Question
Updated 11/22/2014 7:38:51 AM
0 Answers/Comments
A post-closing trial balance is used to prove the equality of debit and credit balances in the general ledger accounts after the closing entries have been posted. (Points : 3) True False
Weegy: A post-closing trial balance is used to prove the equality of debit and credit balances in the general ledger accounts after the closing entries have been posted. True (More)
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Updated 7/5/2015 5:51:15 PM
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