Which of the Following Scenarios Could Explain the Journal Entry

question 59

Multiple Choice

Which of the following scenarios could explain the journal entry below?

• A)The company buys $10,000 of equipment for $4,000 in cash and $6,000 on credit.
• B)The company receives $4,000 in cash and $6,000 in notes payable for selling 10,000 of equipment.
• C)The company buys $10,000 of equipment,for $4,000 cash and a promise to cancel $6,000 of debt owed to it.
• D)The company sells $10,000 of equipment,for $4,000 in cash and pays off $6,000 it owes on the equipment.

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Definitions:

Ladson-Billings

Refers to Gloria Ladson-Billings, an American pedagogical theorist and teacher educator known for her work on culturally relevant pedagogy.

Achievement Gap

The observed disparity in academic performance between groups of students, especially minority and non-minority students or those from socioeconomically disadvantaged backgrounds versus those from affluent backgrounds.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Disciplinary Domain

A specific field of study or area of expertise within academia or a professional sector.