How Would the Purchase of a Computer on Account Affect

question 31

Multiple Choice

How would the purchase of a computer on account affect the accounting equation?

• A)Assets increase; Liabilities decrease.
• B)Assets increase; Stockholder Equity increases.
• C)Assets increase; Liabilities increase.
• D)Assets decrease; Liabilities increase.

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Definitions:

Extract Seconds

The process of isolating and retrieving only the second components from a set of time data.

SECOND(B1)

A function in spreadsheet software that returns the second component (value from 0 to 59) of a time value specified in cell B1.

Paste Numbers

The action of inserting only the numeric data from a copied selection, excluding any text or formatting.

Values

In computing, discrete data represented or stored within a variable or a constant in programming languages.