QUESTION 13 Which of the following is considered an accelerated depreciation method? O Double-declining-balance Straight-line Both double-declining-balance and units-of-production Units-of-production Click Save and Submit to save and submit. Click Save All Answers to save all answer QUESTION 14 t the end of the current accounting period, Ringgold Company recorded dep decrease: O stockholders' equity and increase liabilities. assets and increase liabilities. O stockholders' equity and decrease assets. O assets and increase stockholders' equity. Click Save and Submit to save and submit. Click Save All Answers to save all ansu ciation of $15,000 on its equipment. The effect of this entry on the company's balance sheet is te asters QUESTION 15 Which of the following would be classified as a tangible asset? O Goodwill O Trademark O Copyright Land Click Save and Submit to save and submit. Click Save All Answers to save all answer QUESTION 16 Nelson Company experienced the following transactions during Year 1, its first year in dperation Issued $7,600 of common stock to stockholders Provided $3,900 of services on account Paid $2,000 cash for operating expenses Collected $2,700 of cash from accounts receivable Paid a $180 cash dividend to stockholders . What is the total amount of assets shown on the balance sheet prepared as of December 31. Year 1? $9,500 $9,320 $8,480 $8,120 Click Save and Submit to save and submit. Click Save All Answers to save all answers