Which of the Following Business Transactions Would Increase the Equity

question 38

Multiple Choice

Which of the following business transactions would increase the equity of ABC Limited?

• A)ABC received a $1,200 cash payment on account from a customer.
• B)ABC Limited's owner withdrew $900 cash to cover personal living expenses.
• C)ABC purchased a building for $100,000 on account.
• D)ABC purchased a new machine for $45,000 on account.
• E)ABC billed a customer $14,800 for consulting services provided during the month.

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Definitions:

Symbolic Notation

A system of symbols used to represent numbers, operations, relations, or concepts, often used in mathematics and logic.

Atomic Components

The smallest, indivisible parts or elements that make up a system, reflecting the concept in both physical science (atoms in matter) and logic (basic propositions).

Symbolic Notation

The use of symbols to represent mathematical operations, quantities, or logical operations.

Atomic Components

The basic, indivisible parts or elements that make up a system or compound.