Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the assets portion of daisy corporations may balan

The assets portion of Daisy Corporations May balance sheet shows a total value of $184,000....

50.1K

Verified Solution

Question

Accounting

The assets portion of Daisy Corporations May balance sheet shows a total value of $184,000. In order for the firms sheet to correctly balance, the __________ portion of the balance sheet must also show a total value of $184,000.This is the correct answer since there is a double-entry accounting system.
Select answer from the options below
liabilities and retained earnings
liabilities and common stock
liabilities and stockholders equity
common stock and retained earnings

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

how would you compare a block spere represantation of computational basis states lying at 180 degree angle...

Physics
Q

Without using a calculator, find the value ofsin (5) + cos (5) - sin(60)/cos(30)

Basic Math
Q

An existing inventory for a test measuring self-esteem indicates that the scores have a standard...

Basic Math
Q

Determine whether the following equation is separable. If so, solve the given initial value problem.sect...

Basic Math
Q

Solve the equation Give the solution in exact form log 3 6x 1 1 Rewrite...

Algebra
Q

Question 8 Nevland Corporation is considering the purchase of a machine that would cost $130,000...

Accounting
Q

Use the following information to prepare a classified balance sheet for Alpha Co. at the...

Accounting
Q

Champ Incorporated budgets the following sales in units for the coming two months. Each month's...

Accounting
Q

The December 31, 2018, balance sheet of the Kramer Company had Accounts Receivable of $650,000...

Accounting
Q

Case 3: We find the data for a municipal bond issued by the Illinois state...

Finance
Q

Which of the following statements is incorrect? The ROPI model dehnes firm value as the...

Finance
Q

If market is efficient, what portfolios should investors invest in Only risk-free asset any...

Finance