The Purchase of Equipment for Cash Would

question 44

Multiple Choice

The purchase of equipment for cash would:

• A)increase total assets.
• B)increase total assets and decrease liabilities.
• C)decrease both liabilities and owner's equity.
• D)have no effect on total assets.

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Definitions:

P(A ∪ B)

The probability that at least one of two events, A or B, occurs, including the possibility that both events occur simultaneously.

P(A | B)

Conditional Probability of A given B, representing the probability of event A occurring given that event B is known to occur.

Independent Events

Two or more events where the occurrence or outcome of one event does not affect the occurrence or outcome of the other event(s), a fundamental concept in probability.

P(A | B)

Represents the conditional probability of event A occurring given that event B has occurred.