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

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Definitions:

Sales Message

Communication aimed at persuading potential customers to purchase a product or service.

Perceptive Consumer

A consumer skilled at noticing and understanding things that are not obvious to others, particularly in relation to products and services.

Professional Image

The perception or impression of an individual or organization as seen by the public or professional peers, often cultivated through behavior, attire, and communication.

Information-Age Workers

Employees whose roles are primarily focused on the creation, processing, and management of information, characteristic of the digital era.