Which of the Following Transactions Does Not Affect the Total

question 1

Multiple Choice

Which of the following transactions does not affect the total assets of Horizon Sailing Corp.?

• A)A bill is received for the telephone service used by Horizon Sailing during the past month.
• B)Dividends are paid by Horizon Sailing.
• C)Customers are billed for sales made on credit by Horizon Sailing.
• D)A new computer is purchased on credit by Horizon Sailing.

---

Definitions:

Hydrolysis Rate

The speed at which a chemical compound decomposes by reaction with water, leading to the breakdown of bonds and formation of new compounds.

Carboxylic Acid Derivatives

A group of compounds that are structurally related to carboxylic acids but have a functional group (e.g., ester, amide) replacing the hydroxyl group.

Hot Aqueous Acid

Utilized in chemistry for hydrolysis reactions, it involves the use of heated water and acid to break chemical bonds in substances.

Hydrolysis

A chemical reaction that involves the breaking of a bond in a molecule using water, commonly seen in the breakdown of biomolecules.