Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 249 Weeks Ago, 1 Day Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Accounting Posted 09 Jun 2017 My Price 15.00

Discussion—The Accounting Equation

 

Assignment 1: Discussion—The Accounting Equation

By Saturday, February 25, 2017, respond to the following in the Discussion Area below:

The accounting equation is assets = liabilities + owner’s equity.

Please explain the relationship between economic resources and claims to economic resources.

  • Why must this equation always balance?
  • What transactions increase or decrease owner’s equity?
  • How does net income or loss affect owner’s equity?
  • Provide an example of a transaction, applied to the accounting equation.

Be sure to cite any sources using APA style. You may use this APA Citation Helper as a guide.

By the end of the module, provide substantive responses to at least two other students' initial posts. Be sure to post to the Discussion Area on two different days to meet your weekly attendance requirement.

Answers

Dr Nick
(3)
Status NEW Posted 09 Jun 2017 05:06 PM My Price 15.00

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