When a Business Purchases Land with a Note Payable

question 138

Multiple Choice

When a business purchases land with a note payable:

• A)both assets and stockholders' equity are increased.
• B)assets are decreased and stockholder's equity is increased.
• C)both assets and liabilities are increased.
• D)assets are increased and liabilities are decreased.

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Definitions:

Reasonable Accommodations

Adjustments or modifications provided by an employer to enable employees with disabilities to perform their job functions.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places open to the general public.

Employer

An individual or organization that hires and pays others to perform services or work as part of a team or company.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.