If a Company Purchases Equipment Costing $4,500 on Credit,the Effect

question 168

Multiple Choice

If a company purchases equipment costing $4,500 on credit,the effect on the accounting equation would be:

• A)Assets increase $4,500 and liabilities decrease $4,500.
• B)Equity decreases $4,500 and liabilities increase $4,500.
• C)Liabilities decrease $4,500 and assets increase $4,500.
• D)Assets increase $4,500 and liabilities increase $4,500.
• E)Equity increases $4,500 and liabilities decrease $4,500.

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Definitions:

Biological Perspective

An approach in psychology focusing on understanding human and animal behavior through biological processes, including genetics, the brain, and the nervous system.

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