Match Each Transaction with Its Effect on the Accounting Equation

question 176

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Received cash for services provided

• A)Increase assets, increase liabilities
• B)Increase liabilities, decrease owner's equity
• C)Increase assets, increase owner's equity
• D)No effect
• E)Decrease assets, decrease liabilities
• F)Decrease assets, decrease owner's equity

---

Definitions:

Unimodal

Describing a distribution with a single peak or mode, indicating the most frequently occurring value.

Bimodal

Describes a distribution of data or a frequency distribution with two distinct peaks or modes, reflecting two different populations or groups within the data set.

Multimodal

A distribution characterized by having two or more modes or peaks, indicating the presence of multiple subgroups or clusters within the data.

Peaks

The highest points or maximum values, often in the context of a graph or a series of data points.