Shareholders Invest $100 000 in a Business

question 34

Multiple Choice

Shareholders invest $100 000 in a business.Inventory of $80 000 is bought on credit and damaged inventory that was purchased on credit for $10 000 was returned.Equipment costing $200 000 was purchased,which was financed by a loan from the seller,repayable in five years.The business paid $40 000 to accounts payable.Total assets increased by:

• A) $100 000.
• B) $170 000.
• C) $330 000.
• D) none of the answers provided.

Learn the functionalities and uses of Append queries in adding records to tables.

Acquire knowledge on the impact of action queries on data and database structure.

Understand the use of AND and OR criteria in refining query selections.

Understand the characteristics and types of bonds.

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Definitions:

Insurance Policy

A document detailing the terms, coverage, limitations, and premiums of an agreement between an individual or entity and an insurance provider.

Terms

Words or expressions used in a particular context, often referring to specialized vocabulary associated with a specific field of study or interest.

Six Months

A period equivalent to half a year, commonly used to measure time in various contexts such as planning, employment, and personal goals.

Buffer

A temporary storage area, often used in computing, to manage data being transferred from one place to another.