Match Each Transaction with Its Effect on the Accounting Equation

question 76

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Purchased equipment for cash

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

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Definitions:

Social Identity Processes

The ways in which individuals identify with, and are influenced by, the social groups to which they belong.

Ingroup-Outgroup Processes

The social dynamics and psychological processes involved in categorizing others as belonging to the same group (ingroup) or a different group (outgroup).

Discontinuity Effect

Refers to the observation that groups often exhibit more extreme behavior, and have a greater frequency of conflict and competition, compared to individuals acting alone.

Unfriendly

Characterized by a lack of friendliness or warmth; often describes behavior that is cold, distant, or hostile.