If Your ____,Your Net Worth on the Balance Sheet Would

question 82

Multiple Choice

If your ____,your net worth on the balance sheet would have increased from one period to the next.

• A) liabilities increased and assets remained constant
• B) liabilities increased and assets decreased
• C) assets increased and liabilities remain constant
• D) income increased
• E) none of these

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Definitions:

Asset’s Use

The utilization of an asset in a way that enhances its value or contributes to earning revenue.

Manufacturing Company

A company that uses raw materials, labor, and equipment to produce finished goods on a large scale.

Productivity

The measure of the efficiency of production, often evaluated as the ratio of outputs to inputs in a manufacturing or service process.

Double-Declining-Balance

An accelerated method of depreciation calculating depreciation at twice the rate of the straight-line depreciation method.