Strum Hardware has total assets of $50,000. What are the total assets if new equipment is purchased for $10,000 cash?
A. $45,000
B. $50,000
C. $55,000
D. $60,000

Katie’s Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true statement upon borrowing the money?
A. Total assets are now $105,000.
B. Total assets are now $80,000.
C. Total assets are now $15,000.
D. Total assets are now $75,000.

Question

Strum Hardware has total assets of $50,000. What are the total assets if new equipment is purchased for $10,000 cash?
  A. $45,000 	
  B. $50,000 	
  C. $55,000 	
  D. $60,000

Katie’s Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true statement upon borrowing the money?
  A. Total assets are now $105,000. 	
  B. Total assets are now $80,000. 	
  C. Total assets are now $15,000. 	
  D. Total assets are now $75,000.

anonymous · Answer

in ? 1 you hhave to just add the quantity added inn preivious...50,000+10,000

anonymous · Answer

similar steps in ? 2..!!!