angi22, 2:36 PM Examination | Examination: Accounting Equation. This wile graded. | ACTO1.1x Courseware | IMEx Select Language Kewemu... + introduction to Accounting - 1 Week2:UnderstandingFin.. ” Examinat... > Examination Examination — Bookmark this page EXAMINATION: THIS WILL BE GRADED. (50 points possible) You only have one attempt to submit your answers for this examination. Click on the calculator symbol at the right bottom corner of the screen for calculator. All the best for your efforts! 1. Effect of collecting a receivable 20.0/10.0 points (gradec) State True or False. ‘Collecting a receivable from a customer has no effect on a firm's total assets! True v Submit Youhave used 1 of 1 attempt 2. Assets hips: mb edu intcourses/course-v1sIMBX*AC101.1x+PGP_May2022courseware!Mebe42stee543b097S579°086059285/d042eee440d242c... 114119722, 296 PM Examination | Examination: Accounting Equation This willbs graded. |AGI01.1x Courseware | IMEX 10.0/10.0 points (graded) Identify the asset item(s). Cash Office equipment (_] Bonds payable Trade receivables (1) Revenue from services Office supplies (J office supplies expense v Note: Make sure you select all of the correct options—there may be more than one! Submit Youhave used 1 of 1 attempt 3. Liabilities 10.0/10.0 points (graded) Identify the liability item(s). Warranty payable Income tax payable (1) Revenue from services -ntphwwimbx 20 inicourses/course-v1IMBX+AC101.1x+PGP_May2022/coursewaral4ebed2ateeS¢3b0G7ES7OIORAOS9ZASIdO42aee44042420... 214a1i9i22, 236 PM Examination | Examination: Accounting Equation. This willbe graded. | ACTO1.1x Courseware | IMEx () Fuel expense {_] Share capital Trade payables Vv Note: Make sure you select all of the correct options—there may be more than one! Submit Youhave used 1 of 1 attempt 4. Equity 10.0/10.0 points (graded) Identify the equity item(s). Share capital Dividend income Dividends to shareholders g 0 Interest receivable a Interest expense g Partners’ drawings Cash <0 Note: Make sure you select all of the correct options—there may be more than one! nitps:hwwu.imbx sc inicoursesicourse-v1IMBX+AC101.1x+PGP_May2022/courseware! 4ebed2eseeS¢3b007 SS7OIOBCO592R5IsO42aRS44042420... 14angi22, 2:36 PM Examination | Examination: Accounting Equation. This willbe graded. | ACTO1.1x Courseware | IMBx Submit Youhave used 1 of 1 attempt 5. Dividend paid 10.0/10.0 points (graded) Dividend paid to a company’s shareholders is part of the company's O O assets CO iiabilities © expenses @ equity v Submit — Youhave used 1 of 1 attempt S% oaeyy ‘© LIMBx. All rights reserved except where noted Faas Privacy Policy | Termsof service | Honor Code fvina oe hitps:wimbx edu intcourses/course-v1sIMBX*AC{101.tx+PGP_May2022!courseware!Mebed2stee543b09755790086059285/d042eee440d242c...AI4