A Common Business Transaction That Would Not Affect the Amount

question 21

Multiple Choice

A common business transaction that would not affect the amount of owners' equity is

• A) signing a note payable to purchase equipment.
• B) payment of property taxes.
• C) billing of customers for services rendered.
• D) payment of dividends.

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Definitions:

Increased Efficiency

An improvement in the ability to produce more output with the same amount of input or less.

Shared Values

Core beliefs or standards that are commonly held and guide an organization's or group's actions and decisions.

Public Interest

Concerns of the public as a whole, representing the welfare and rights of the community in general.

Aggregation

The process of combining or collecting individual units, items, or data points to form a sum or a whole.