Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. xyz company provided service of account to numbers

XYZ company provided service of account to numbers corp. on decemeber 31,2022. Numbers corp agreed...

50.1K

Verified Solution

Question

Accounting

XYZ company provided service of account to numbers corp. on decemeber 31,2022. Numbers corp agreed to pay XYZ company in cash on January 15, 2023. What is the impact of this transactions for XYZ company in 2022?

No effect on total assets, total liabilites, or sockholders equity

Total assets increased, total stockholders equity increases

total asset increases, total liabilites increase

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

Assume that you manage a risky portfolio with an expected rate of return of 12% and...

Finance
Q

Static Budget versus Flexible Budget The production supervisor of the Machining Department for Niland Company agreed to...

Accounting
Q

A platinum wire that is 1.20 m long has a radius of 0.500 mm and...

Physics
Q

41 There is a set of 4 tuning forks one with lowes frequency vibrating at...

Physics
Q

Finding Angle Measures Identify a pair of corresponding angles in the diagram Which of the...

Geometry
Q

The forces F F2 F3 Fn acting on an object are in equilibrium if the...

Basic Math
Q

Find the rectangular equation of the line given by the parametric equations below.Then graph the...

Basic Math
Q

The following table presents the daily high temperatures for the city of Macon Georgia in...

Statistics
Q

This assignment is similar to VistaBeans. You will try to figure out how to maximize...

Accounting
Q

Direct labor variances Open spreadsteet postive number

Accounting
Q

I have tried 5500, 6000, 6500, 11000, 13000. There is a calculation here, please show...

Accounting
Q

Feather Frlends, Inc, distributes a high-quality wooden birdhouse that stelis for $120 per unit. Varlable...

Accounting