Which of the Following Transactions Results in an Increase in Both

question 81

Multiple Choice

Which of the following transactions results in an increase in both net income and stockholders' equity?

• A)Paying cash to acquire a six-month insurance policy.
• B)Collecting cash from a customer for services to be provided in the future.
• C)The accrual of interest expense year-end.
• D)Adjustment of the unearned revenue account for revenue earned during the period.

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Definitions:

Apomixis

A form of asexual reproduction in plants where seeds are produced without fertilization, leading to offspring genetically identical to the parent.

Self-Pollination

A form of pollination where pollen from a flower fertilizes the ovules of the same flower or another flower on the same plant.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in four haploid daughter cells, crucial for sexual reproduction.

Apomixis

Apomixis is a form of asexual reproduction that allows a plant to produce seeds without fertilization by pollen, leading to offspring that are genetically identical to the parent plant.