Camden Products buys a $500,000 machine by taking out a bank loan.The company's assets will______by $500,000 while its liabilities will_____by $500,000.
My answer is D can somebody check for me thenk you

  1. 👍
  2. 👎
  3. 👁
  1. You're right.

    1. 👍
    2. 👎
    Ms. Sue
  2. no, D is wrong

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Accounting

    The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's profit

  2. Accounting

    O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000; Utilities Expense ₤ 6,000; Cash 14,000; Accounts

  3. accounting

    Determine the missing amount for each of the following: Assets = Liabilities + OE a. x = 250,000 + 780,000 B. 125,000 = X + 39,500 c. 60,000 = 7,500 + x

  4. accounting

    On April 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company, paying $14,000,000. The book values and fair values of Vista's assets and liabilities acquired are shown below in dollar amounts:

  1. accounting

    A company purchased a machine on January 1 of the current year for $750,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours, with a salvage value of $75,000).

  2. accounting

    2. Illustrate effects on the accounts and financial statements of each of the following transactions. For a company using a job order cost system: (a) Materials purchased on account $176,000 (b) Materials requisitioned: For

  3. Accounting 3

    Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $350,000 Factory

  4. U.S. and Global Economics: Involving MATH

    PLZZZ.. Help I just don't understand how to calculate this A landlord wants to acquire an additional apartment building for $250,000. The new building contains eight apartment units, which will each rent for $500 per month. The

  1. accounting

    The following financial data were taken from the annual financial statements of Smith corporation: 2007 2008 2009 Current assets $450,000 $400,000 $500,000 Current liabilities $390,000 $300,000 $340,000 Sales $1,450,000 $1,500,000

  2. Advanced Accounting

    Stockholders of Acme Company, Baltic Company, and Colt Company are considering alternative arrangements for a business combination. Balance sheets and the fair values of each company's assets on October 1, 2004, were as follows:

  3. Accounting

    The comparative statements of Lucille Company are presented here. LUCILLE COMPANY Income Statements For the Years Ended December 31 First number are 2012 2012 then 2011 Net sales $1,890,540 $1,750,500 Cost of goods sold 1,058,540

  4. accounting

    A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities +

You can view more similar questions or ask a new question.