Match Each Transaction with Its Effect on the Accounting Equation

question 62

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Cash investment 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:

Emotion

An intricate mental condition characterized by someone's own perception, bodily responses, and manner of behavior or expression.

Appraise

To evaluate or estimate the nature, quality, ability, extent, or significance of something.

James-Lange Theory

A theory of emotion suggesting that physiological arousal precedes the experience of emotion, thus emotions are the result of the interpretation of bodily responses.

Trembling

Involuntary shaking, quivering, or trembling movements, often resulting from fear, excitement, cold, or weakness.