A Business Purchases a Computer for Cash

question 51

Multiple Choice

A business purchases a computer for cash. What effect does this have on the accounting equation?

• A)Stockholders' Equity and Assets increase.
• B)There is no change in Total Assets.
• C)Assets increase and Liabilities decrease
• D)Stockholders' Equity and Liabilities increase.

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Definitions:

Nonadaptive

Describes traits or behaviors that do not provide a survival or reproductive advantage in a given environment.

Cognitive Process

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Assimilate

The process of taking in new information or experiences and integrating them into our existing knowledge or cultural beliefs.

Accommodate

To make fit, adjust, or adapt to a particular space, situation, or need.