Anthony, Inc

question 93

Multiple Choice

Anthony, Inc.buys land for $50,000 cash.The net effect on assets is:

• A) $50,000 increase.
• B) $0.
• C) $50,000 decrease.
• D) $25,000 increase.

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Definitions:

Vocational School

An educational institution that provides specialized training and education targeted toward particular careers or trades.

Flexible Budget

A flexible budget adjusts expenses based on changes in actual revenue or other activity levels, allowing for more accurate financial planning.

Cost Drivers

Factors that cause a change in the cost of an activity, such as machine hours, labor hours, or material size.

Vocational School

An educational institution that provides training and skills for specific trades or careers, focusing on practical job-related skills.