Which of the Following Would Result If a Business Purchased

question 59

Multiple Choice

Which of the following would result if a business purchased Equipment paying a 40% down payment in cash?

• A)Equipment would increase and Cash would decrease.
• B)Accounts Payable would increase.
• C)Since the equipment has not been paid in full,there is nothing to record.
• D)Both A and B are correct.

Grasp the principles of supply and demand shocks in economics.

Differentiate between leading, lagging, and coincidental economic indicators.

Understand the purpose and capabilities of standard and class modules in Access.

Know how to create and execute functions and procedures within Access modules.

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Definitions:

Coincidence

An occurrence of two or more events at the same time by chance.

Correlation

A statistical measure that represents the extent to which two or more variables fluctuate together.

Causal Explanations

Statements or analysis that identify reasons or causes for certain phenomena.

Slippery Slope Fallacy

A logical fallacy that assumes a relatively small first step leads to a chain of related events culminating in some significant effect.