Which of the following does not affect the equity of a business?

If a company records prepayment of expenses in an asset account, the adjusting entry when all or part of the prepaid asset is used or expired would:

Joan’s Delivery has total assets of $385 million. Its total liabilities are $100 million and its equity is $285 million. Calculate its debt ratio.

The expense recognition principle, also called the matching principle:

A company acquires equipment for $75,000 cash. This represents a(n):

Which of the following does not affect the equity of a business?

Beck Co. had cash inflows from operations $60,500; cash outflows from investing activities of $47,000; and cash inflows from financing of $25,000. The net change in cash was:

If a company records prepayment of expenses in an asset account, the adjusting entry when all or part of the prepaid asset is used or expired would:

Flip Flop Footwear had annual revenues of $185,000, expenses of $103,700, and dividends of $18,000 during the current year. The retained earnings account before closing had a balance of $297,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:

Stormy Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the beginning cash balance is $5,000, what is the ending cash balance?