Match Each Transaction with Its Effect on the Accounting Equation

question 178

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Investment of land by owner

• 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

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Definitions:

White Identity

The sense of belonging and identification with the white racial group, often considered within the context of racial dynamics and social power structures.

Privilege

Special rights or advantages available only to a particular person or group of people.

Positive Aspects

Describes the beneficial qualities or positive outcomes of a situation, individual, or concept, highlighting its advantages or valuable effects.

Negative Aspects

Features or characteristics of a situation, phenomenon, or concept that are detrimental, harmful, or undesirable.