Alpha Company Has Assets of $600,000,liabilities of $250,000,and Equity of $350,000.It

question 199

Multiple Choice

Alpha Company has assets of $600,000,liabilities of $250,000,and equity of $350,000.It buys office equipment on credit for $75,000.What would be the effects of this transaction on the accounting equation?

• A)Assets increase by $75,000 and expenses increase by $75,000.
• B)Assets increase by $75,000 and expenses decrease by $75,000.
• C)Liabilities increase by $75,000 and expenses decrease by $75,000.
• D)Assets decrease by $75,000 and expenses decrease by $75,000.
• E)Assets increase by $75,000 and liabilities increase by $75,000.

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Definitions:

Successive Approximations

The process of reinforcing behaviors that are increasingly closer to the target behavior, commonly used in operant conditioning.

Desired Response

The targeted outcome or behavior that a stimulus or intervention aims to elicit.

Generalization

The tendency to respond in the same way to different but similar stimuli, often used in learning theories.

Categorization

The mental process of grouping similar items or ideas together to organize them efficiently.