Delta72 Company Received a Cash Advance of $700 from a Customer

question 42

Multiple Choice

Delta72 Company received a cash advance of $700 from a customer. As a result of this event,

• A) assets increased by $700.
• B) stockholders' equity increased by $700.
• C) liabilities decreased by $700.
• D) assets and stockholders' equity increased by $700.

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Definitions:

Employment Equality

The principle that all individuals should have equal access to employment opportunities, pay, and conditions, regardless of personal characteristics unrelated to job performance.

Bureaucratized

The process or state by which an organization or system becomes overly regulated, formalized, and characterized by rigid adherence to rules, diminishing its adaptability and efficiency.

Social Transformation

The significant alteration over time in behavior patterns, social structures, and cultural values within a society.

Nazi Germany

The period between 1933 and 1945 when Germany was under the dictatorship of Adolf Hitler, marked by fascist policies, World War II, and the Holocaust.