Which of the Following Does Not Correctly Describe the Following $\quad$

question 106

Multiple Choice

Which of the following does not correctly describe the following journal entry? Supplies
$\quad$ Cash

• A) Total assets do not change.
• B) The transaction is an example of a deferral.
• C)Stockholders' equity decreases.
• D)Net income is not affecteD.This journal entry increases and decreases two different asset accounts; there is no impact on stockholders' equity.

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Definitions:

Edible Fruit

A part of a plant that is consumed by humans or other animals for its nutritional value, typically sweet and fleshy.

Food Gardens

Plots of land used for growing fruits, vegetables, herbs, and other edible plants, typically for household consumption.

Speaker's Commitment

The implicit or explicit convictions a speaker holds and conveys through their statements during communication or argumentation.

Implicit Premise

An unstated element of an argument that is needed to make the conclusion follow from the premises given.