Your New Firm Uses Cash on Hand to Purchase $5,000

question 27

Multiple Choice

Your new firm uses cash on hand to purchase $5,000 of inventory.The two accounting transactions are to ________ cash by $5,000 and to ________ inventory by $5,000.

• A)decrease; increase
• B)decrease; decrease
• C)increase; increase
• D)increase; decrease

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Definitions:

Late Stages

Referring to the advanced phases of a process, condition, or disease, often implying that outcomes or consequences have become more severe.

Syphilis

A sexually transmitted infection caused by the bacterium Treponema pallidum, which can cause serious health problems if left untreated.

Hepatitis A

A viral liver infection that is primarily spread through ingestion of contaminated food or water.

Candidiasis

A fungal infection caused by yeasts from the Candida species, commonly affecting the skin, mouth, and genitals.