Determine Whether Each of the Following Events Are Asset Source

question 55

Essay

Determine whether each of the following events are asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE)transactions.
________1)Borrowed $6,000 from creditors________2)Issued common stock to investors for $8,000 cash________3)Paid one year's rent in advance________4)Provided services to customers and collected $35,000 cash________5)Recognized depreciation expense________6)Received $3,000 of revenue in advance________7)Provided services to customers on account, $12,000________8)Collected $2,000 from customers in partial settlement of accounts receivable________9)Recognized accrued salary expense of $2,000________10)Adjusted the records for supplies used of $800

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Definitions:

Z-Score

An index that quantifies how far a particular value stands from the dataset's mean, measured in units of standard deviations away from the mean.

Z-Scores

A measure that represents the number of standard deviations a data point is from the mean of the dataset.

Z-Score

A statistical metric that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations.

Z-Score

A statistical measure that describes a score's relationship to the mean in a group of scores, typically used to understand how far a point is from the average in terms of standard deviations.