Bridget Cartier Has Privately Invested $100,000 in Jacques and Jacqueline's

question 88

Multiple Choice

Bridget Cartier has privately invested $100,000 in Jacques and Jacqueline's Idaho Ski Resort.The business will use the money to purchase new ski lift chairs.$100,000 will be recorded on the balance sheet as part of the owners' equity account.In order to keep the accounts balanced,the balance sheet will also show:

• A)An increase of $100,000 cash.
• B)A fixed asset [ski lift chairs] = $100,000.
• C)A liability for $100,000.
• D)An increase in accounts receivable for $100,000 in her QuickBooks.

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Definitions:

Tissue Samples

Small portions of tissue taken from the body for the purposes of examination or diagnosis.

Colonoscopy

A medical examination procedure in which a long, flexible camera (colonoscope) is used to view the inner lining of the colon and rectum.

Diverticulosis

The condition of having diverticula in the colon, which are small bulges or pouches that can form in the digestive tract wall.

GI Tract

The gastrointestinal tract, an organ system responsible for transporting and digesting foodstuffs, absorbing nutrients, and expelling waste.