Equipment Is Purchased for Cash

question 61

Multiple Choice

Equipment is purchased for cash.Which of the following would be TRUE?

• A) There is an increase in total assets.
• B) There is a decrease in both total assets and total liabilities.
• C) There is an increase in total assets and a decrease in total liabilities.
• D) There is no effect on total assets.

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Definitions:

United States

A country primarily located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Obesity

A medical condition characterized by excessive body fat that presents a risk to health, often measured by body mass index (BMI).

Cardiovascular Disease

A general term for conditions affecting the heart or blood vessels, often related to atherosclerosis or the build-up of plaque in the arteries.

United States

A federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions, known for its influence on global culture, economy, and politics.