The Accounting Equation for Ying Company Shows a Decrease in Its

question 229

Multiple Choice

The accounting equation for Ying Company shows a decrease in its assets and a decrease in its equity.Which of the following transactions could have caused that effect?

• A)Cash was received from providing services to a customer.
• B)The company paid an amount due on credit.
• C)Equipment was purchased for cash.
• D)A utility bill was received for the current month,to be paid in the following month.
• E)Advertising expense for the month was paid in cash.

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Definitions:

Counseling Field

A professional domain focused on providing assistance and guidance in resolving personal, social, or psychological challenges and difficulties, often involving therapeutic conversations.

Constructively

Acting in a way that is helpful, positive, and aimed at contributing to growth or improvement.

Dysfunctional Family Systems

Families characterized by conflict, misbehavior, and often child neglect or abuse, which do not provide a healthy environment for emotional, physical, or social development.

Rigid

Characterized by inflexibility or an unwillingness to change opinions, behaviors, or practices.