Determine Whether Each of the Following Events Are Asset Source

question 25

Essay

Determine whether each of the following events are asset source (AS),asset use (AU),asset exchange (AE),or claims exchange (CE)transactions.
_____1)Borrowed $6,000 from creditors
_____2)Issued common stock to investors for $8,000 cash
_____3)Paid one year's rent in advance
_____4)Provided services to customers and received $35,000 cash
_____5)Paid creditors $10,000
_____6)Received $3,000 of revenue in advance
_____7)Provided services to customers on account,$12,000
_____8)Collected $2,000 from accounts receivable
_____9)Recognized accrued salary expense of $2,000
_____10)Adjusted the records for supplies used of $800

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Definitions:

Trolley Problems

A series of thought experiments in ethics and psychology, involving scenarios where a person must make a choice between two morally conflicting actions.

Philippa Foot

A British philosopher, most notable for her works in ethics and moral philosophy, particularly virtue ethics.

Ethically

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Subjective Opinions

Personal views or judgments influenced by individual preferences, feelings, or experiences, rather than by external facts or evidence.