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:

Spongy Bone

A type of bone tissue characterized by a porous, trabecular structure, found at the ends of long bones and in the interior of other bones, contributing to lightness and strength.

Osteoclasts

A type of bone cell that breaks down bone tissue, a vital process for bone growth, healing, and maintenance.

Osteoblasts

Osteoblasts are specialized cells involved in the synthesis and mineralization of bone during both initial bone formation and later bone remodeling processes.

Basic Multicellular Unit

A functional unit of bone, responsible for bone remodeling, consisting of osteoclasts that resorb bone and osteoblasts that form new bone.