Land Is Purchased by a Business for $100,000

question 35

Multiple Choice

Land is purchased by a business for $100,000. The company pays for the land by a cash payment of $20,000 and promised to pay the remaining amount at a later period. What is net effect of this transaction on the business's accounting equation?

• A)Assets increase by $100,000; liabilities decrease by $20,000.
• B)Assets increase by $100,000; liabilities decrease by $80,000.
• C)Assets increase by $80,000; equity increases by $80,000.
• D)Assets increase by $80,000; liabilities increase by $80,000.

Explain the physiological effects and importance of specific hormones, such as vasopressin, thyroid hormones (T3 and T4), and growth hormone.

Understand the diagnostic significance of key tests and markers in the study of endocrine functions, such as FBS and GTT.

Identify the clinical manifestations and consequences of specific endocrine disorders.

Learn how price changes affect consumer utility and how to calculate compensating and equivalent variations.

---

Definitions:

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, granting citizenship to all persons born or naturalized in the United States, including former slaves, and providing all citizens with equal protection under the laws.

Radical Republicans

A faction within the Republican Party during and after the American Civil War, distinguished by their strong stance on abolishing slavery and implementing strict Reconstruction policies in the South.

Conservative Republicans

A faction within the Republican Party in the United States that emphasizes traditional values, limited government, and conservative economic policies.

Radical Republicans

A faction of American politicians within the Republican Party of the 19th century who advocated for the complete abolition of slavery and equal rights for African Americans following the Civil War.