The Following Transactions Represent Part of the Activities of Bloc

question 4

Essay

The following transactions represent part of the activities of Bloc Party Company for the first month of its existence. Indicate the effect of each transaction upon the total assets of the business by one of the following phrases: increased total assets, decreased total assets, or no change in total assets.
(a) Issued stock in exchange for cash.
(b) Purchased a computer for cash.
(c) Purchased office equipment with money borrowed from the bank.
(d) Paid the first month's utility bill.
(e) Collected an accounts receivable.
(f) Paid dividends.

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Definitions:

Costs

The amount of money required to purchase, maintain, produce, or invest in a product, service, or asset.

Inadequate Building Size

A scenario where the physical dimensions of a building do not meet the needs or requirements for its intended use or occupancy.

Self-Actualization

A stage in human psychological development identified by Abraham Maslow where individuals realize their fullest potential, fulfilling personal talents and capabilities.

Motivation

The forces that act on or within a person that cause the person to behave in a specific manner.