Tim Contributes Capital into His Business

question 14

Multiple Choice

Tim contributes capital into his business. The two accounts affected are:

• A)an asset and an owners' equity.
• B)a liability and an owners' equity.
• C)two asset accounts.
• D)an asset and a liability.

---

Definitions:

Phonographs

Early mechanical devices invented for recording and playing back sounds, initially using cylindrical or disc-shaped records.

Celebrity Culture

A social phenomenon that focuses on the public's fascination with celebrities' personal lives, their influence, and their status in society.

Feminist Woman

A woman who supports or advocates for the rights and equality of women through feminism, aiming to address issues of gender inequalities and sexism.

ERA

Stands for the Equal Rights Amendment, a proposed amendment to the United States Constitution aiming to guarantee equal legal rights for all American citizens regardless of sex.