Which of the Following Journal Entries Is Correct When a Business

question 37

Multiple Choice

Which of the following journal entries is correct when a business entity builds an addition to the factory building by paying cash to a contractor?

• A) Retained Earnings
• \( \quad \)Cash
• B) Building
• \( \quad \) \( \quad \)Contributed Capital
• C) Cash
• \( \quad \)Building
• D) Building
• \( \quad \)Cash

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Definitions:

Panic

A sudden, overwhelming feeling of fear and anxiety that can result in wildly unthinking behavior.

General Adaptation Syndrome

A three-stage response pattern that the body goes through when exposed to stress, including alarm, resistance, and exhaustion phases.

Panic

A sudden, overpowering fear that can result in extreme and often irrational behavior.

Resistance Reaction

The response of an organism against factors that threaten its homeostasis, which can include psychological resistance or immune system response.