Wing Company Provided Services for $30,000 Cash $\begin{array}{ccccc} \text { Assets} &=& \text { Liabilities} & + \text { stockholcers }{ }^{\prime} \text { equity } \\\end{array}$

question 42

Multiple Choice

Wing Company provided services for $30,000 cash. Which of the following shows the impact of this transaction on Wing's accounting equation? $\begin{array}{ccccc} \text { Assets} &=& \text { Liabilities} & + \text { stockholcers }{ }^{\prime} \text { equity } \\\end{array}$
A.
$\begin{array}{llcc}&+/-&&&& \text {n/a }&&&&&& \text {n/a } \\\end{array}$

B.
$\begin{array}{llcc}&+&&&&& \text {n/a } &&&&&&&+ \\\end{array}$

C.
$\begin{array}{llcc} &-& &&&& \text { n/a } &&&&&&&-\\\end{array}$

D.
$\begin{array}{llcc}&+&&&&&&+&&&&&&& \text {n/a } \\\end{array}$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Animals

Multicellular, eukaryotic organisms in the kingdom Animalia (also called Metazoa), which are typically characterized by their ability to move, reproduce sexually, and consume organic material.

Conservation Abilities

Cognitive skills that enable a person to understand that certain properties of objects, like volume and number, remain the same despite changes in form or arrangement.

Neurological Influences

The effects that the nervous system, including brain function, has on behavior, emotions, and cognitive processes.

Drilling

The act of repeated practice or intense study, often used in educational or training contexts to instill knowledge or skills into memory through repetition.