Which of the Following Transactions Would Have No Effect on Total

question 31

Multiple Choice

Which of the following transactions would have no effect on total assets, total liabilities, or owner's equity?

• A)payment of a liability
• B)borrowing cash by issuing a note payable
• C)purchasing supplies for cash
• D)purchasing supplies on account

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Definitions:

Main Effect

Refers to the primary influence of an independent variable on the outcome measure, without considering interactions with other variables.

2 × 3 ANOVA

A statistical test that analyzes the effects of two independent variables on a dependent variable, where the first variable has two levels and the second has three levels.

Null Hypotheses

The hypothesis that assumes no significant difference or relationship exists between specified populations or variables, used as a starting point for statistical testing.