Michael Anderson Is Starting a Computer Programming Business and Has

question 182

Multiple Choice

Michael Anderson is starting a computer programming business and has deposited an initial investment of $15,000 into the business cash account. Identify how the accounting equation will be affected.

• A) increase in assets (Cash) and increase in liabilities (Accounts Payable)
• B) increase in assets (Cash) and increase in owner's equity (Michael Anderson, Capital)
• C) increase in assets (Accounts Receivable) and decrease in liabilities (Accounts Payable)
• D) increase in assets (Cash) and increase in assets (Accounts Receivable)

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Definitions:

Auxiliary Consumption

refers to the additional energy or resources used by devices or processes not directly involved in the primary function, often in standby or supporting modes.

Production

encompasses the processes and activities involved in creating goods or services, including the design, manufacturing, and delivery stages.

Auxiliary Consumption

relates to secondary energy or resource use in systems for purposes other than the main operational function, such as cooling or lighting.

Emotional Engagement

The creation of an emotional connection between a brand and its consumers, fostering loyalty and customer retention.