Alpha Company Has Assets of $600,000,liabilities of $250,000,and Equity of $350,000.It

question 199

Multiple Choice

Alpha Company has assets of $600,000,liabilities of $250,000,and equity of $350,000.It buys office equipment on credit for $75,000.What would be the effects of this transaction on the accounting equation?

• A)Assets increase by $75,000 and expenses increase by $75,000.
• B)Assets increase by $75,000 and expenses decrease by $75,000.
• C)Liabilities increase by $75,000 and expenses decrease by $75,000.
• D)Assets decrease by $75,000 and expenses decrease by $75,000.
• E)Assets increase by $75,000 and liabilities increase by $75,000.

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Definitions:

Variable-Rate Theories

Theories that explain biological aging as a result of processes that involve damage to biological systems and that vary from person to person.

Environmental Assaults

External factors or actions that cause harm or damage to the environment and living organisms.

Free Radicals

Unstable atoms or molecules that can damage cells, contributing to aging and various diseases, caused by environmental factors and normal metabolic processes.

Disabilities

Conditions that limit a person’s physical, mental, or sensory abilities, affecting their daily life and potentially requiring special accommodations.