S & C, Inc

question 148

Multiple Choice

S & C, Inc. purchases a building for $70,000 cash. The journal entry would include a:

• A)debit to Building and a credit to Cash.
• B)debit to Common Stock and a credit to Building.
• C)debit to Building and a credit to Accounts Payable.
• D)debit to Building and a credit to Common Stock.

---

Definitions:

Affirmative Proposition

A statement that asserts the truth of something, typically expressed without negation.

Fallacy

A false notion, especially when it's grounded in irrational argument.

Primary Circular Reactions

A developmental phase in infants from about one to four months, characterized by repeated actions that serve to build the infant's own body schema through reflexive interactions.

Acquired Adaptations

Characteristics or changes gained after birth due to environmental influences, improving an organism's ability to survive.