GB 518 RANK Let's Do This /gb518rank.com GB 518 RANK Let's Do This /gb518rank.com | Page 52

Question 16. Question :
activity is:
An example of a financing
Buying office supplies
Obtaining a long-term loan
Buying office equipment
Selling inventory
Buying land
Question 17. Question :
A debit is:
An increase in an account
The right-hand side of a T-account
A decrease in an account
The left-hand side of a T-account
An increase to a liability account
Question 18. Question :
Risk is:
Net income divided by average total assets