Which of the Following Changes Describes the Payment of $30,000

question 15

Multiple Choice

Which of the following changes describes the payment of $30,000 for a new bulldozer?

• A)Assets and shareholders' equity decrease by $30,000.
• B)Assets decrease and shareholders' equity increases by $30,000.
• C)No net change in total assets.
• D)Assets decrease by $30,000.

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Definitions:

Authoritative

Characterized by or showing a commanding, self-confident force or an ability to give instructions or directions.

Firm Controls

Strict rules or guidelines implemented to regulate behavior or operations within an organization or system.

Responsive

Being quick to react or respond appropriately to changes or stimuli.

Demanding

Requiring or claiming more than is generally regarded as due; often implies a challenging or high requirement of effort, skill, or attention.