Match Each Transaction with Its Effect on the Accounting Equation

question 225

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Contribution of land by stockholder

• A)Increase assets, increase liabilities
• B)Increase liabilities, decrease stockholders' equity
• C)Increase assets, increase stockholders' equity
• D)No effect
• E)Decrease assets, decrease liabilities
• F)Decrease assets, decrease stockholders' equity

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

No-Name Brand

Generic brands that are usually sold at a lower price compared to known brand names, typically lacking a brand logo.

Professional Chefs

Highly skilled and trained individuals who prepare and cook food in professional settings like restaurants and hotels.

Home Users

Individuals or families that utilize products or services primarily for personal, non-commercial purposes.