How Does the Purchase of Equipment by Signing a Note

question 2

Multiple Choice

How does the purchase of equipment by signing a note affect the accounting equation?

• A) assets increase; assets decrease
• B) assets increase; liabilities decrease
• C) assets increase; liabilities increase
• D) assets increase; owner's equity increases

Understand the cognitive, behavioral, and affective components of attitudes.

Explore the relationship between attitudes and behavior.

Identify the factors that influence the effectiveness of persuasion.

Recognize how implicit attitudes can predict behavior.

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Definitions:

Obtain Property

The act of gaining possession or control over property through legal means or transactions.

Agency Relationship

A legal arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business dealings or other matters.

Authorized Act

An action taken by an individual or entity that is legally permitted under the law or by a governing body.

Principal

In a legal context, the main party who authorizes another (the agent) to act on their behalf in transactions or other legal matters.