Carl cornfield makes a payment on his tractor. what two lines of the balance sheet will this payment change? it will reduce and also reduce .

answer: if carl cornfield makes a payment on his new tractor:

in the current assets line the amount of available cash for the company reduces.

while in the liabilities line, the amount of accounts payable (debts) also reduces by the amount paid on the tractor.

balance sheet provides a picture of a company´s financial position of a business. it states its assets, liabilities and amount owned by the company´s shareholders also known as   equity (value of assets less the value of liability on that asset) of the business at a specific point in time.

there fore: assets = liability + shareholder´s equity.

these are arranged in a spreadsheet format.

included in the list of assets are:   cash, petty cash, temporary investments, accounts receivable, inventory, supplies, pre paid insurance, land and property, buildings, equipment, etc.

liabilities are considered as: notes payable, accounts payable, wages payable, interest payable, bonds payable, etc.

as for shareholder´s equity , examples are: common stock, retained earnings,etc.

hypothermia is a medical emergency that occurs when your body loses heat faster then it can produce heat, causing a dangerously low body temperature.

normal body temperature is around 98.6 (37 c) hypothermia occurs as your body temperature falls below 95 (35 c)

hope i was some : 3

sorry it took so long i did more research about my answer so

hope i !

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