Billington Corp

question 189

Multiple Choice

Billington Corp.borrows $80,000 cash from Second National Bank.How does this transaction affect the accounting equation for Billington?

• A)Assets would decrease $80,000 and liabilities would decrease $80,000.
• B)Assets would decrease $80,000 and equity would increase $80,000.
• C)Assets would increase $80,000 and equity would decrease $80,000.
• D)Assets would increase $80,000 and liabilities would increase $80,000.
• E)Liabilities would decrease $80,000 and equity would increase $80,000.

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Definitions:

Brain

The central organ of the human nervous system, located in the skull, responsible for cognitive and bodily functions.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord, responsible for connecting the CNS to limbs and organs.

Muscle Control

The ability to direct and coordinate muscle actions in the body for voluntary movements.

Somatic

Relating to the body, especially as distinct from the mind, or pertaining to the wall of the body cavity, especially in contrast to the visceral parts.